1. The Housing Sector, Interest Rates and Unemployment Examined
... be a signal of overvaluation in the housing market. In contrast, although new home inventory is currently rising, it remains low 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 employee compensation, with Ireland and the UK the EU since 1997. Interest rates are an important factor in driving house price performance; however, Khatri (2003) notes that differences in mortg...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate