1. The Housing Sector, Interest Rates and Unemployment Examined
... -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, home sales naturally increase as the cost of buying a home becomes "cheaper", and conversely, sales fall when the cost ... prices continued to climb despite a stock market crash, global economic slowdown and the Iraq war, and have fueled the belief that they can only keep rising. Indeed in many countries, investors bruised by po...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate