1. The Housing Sector, Interest Rates and Unemployment Examined
... including aging baby boomers who are entering peak income and wealth years; strong immigration trends resulting to new household formations; increasing homeownership rates; an aging housing stock (approximately 36% of existing home were built before 1960); and better financing options for buyers. The Homeownership Alliance predicts that these demand drivers will lead to 1.85 to 2.17 million new U.S. ... market structures mean that for some countries, short-term interest rates play a greater role in housing demand than long-term rates. Nevertheless, despite the prevalence of different hou...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate