1. The Housing Sector, Interest Rates and Unemployment Examined
... require that mortgage payments do not exceed a level of between 28 to 30 percent of gross annual household income. The gap between affordable payments and available housing was quite large (Trimbath and Montoya, 2002, p. 2). Literature Review Rapid inflation in house prices, particularly over the past five years, is now a global phenomenon. The Economist (2003) launched its global house price indicators in early ... period, there has been a decline in unemployment rates across almost all countries except Greece. The largest falls are recorded in Ireland and Spain, the countries with the ...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate