1. The Housing Sector, Interest Rates and Unemployment Examined
... relative to current sales. The current supply of new homes on the market is 3.9 months; among the lowest ever. The confluence of circumstances that created this rapid appreciation of home prices has attracted the attention of non-owner households, bringing more of them into the market. Obviously, the fundamentals of supply and demand, with price as the equilibrating force, are well at work in the housing market. Measuring housing affordability by the ratio of mortgage payments to income ... demand than long-term rates. Nevertheless, despite the prevalence of different housing finance sy...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate