1. The Housing Sector, Interest Rates and Unemployment Examined
... mortgage interest rates have dramatically increased housing affordability for many Americans creating a concomitant increase in demand. This demand, however, has not been met with a proportionate increase in supply, creating a very tight residential real estate market that has driven prices upwards. Because the increase in prices was ... have not been strong everywhere. In Germany, Japan and Hong Kong, prices have been stagnant or falling and the hot spots are widely spread from Sydney to Stockholm. House prices have risen by 18% in the UK and in Australia by 17% over the year. Khatri (2...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate