1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 ... 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, bring...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate