1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 driven by demand stimulated by the reduced cost of mortgages, this rise should not be considered to 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 ... local industry will have added to the workforce. It would seem that 2006 have been a market correction year with residential construction slowing. Basic economic supposition s...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate