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Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
The basic definition is also known as WAULT to expiry to make the distinction clear. Depending on the market conditions, one might desire a high or low WAULT. For instance, if the rental market is strong and rents are rising, a low WAULT is desirable as that indicates that the current leases are going to expire or renegotiate in the short term ...
The transition from the short-run to the long-run may be done by considering some short-run equilibrium that is also a long-run equilibrium as to supply and demand, then comparing that state against a new short-run and long-run equilibrium state from a change that disturbs equilibrium, say in the sales-tax rate, tracing out the short-run ...
The point where the IS and LM schedules intersect represents a short-run equilibrium in the real and monetary sectors (though not necessarily in other sectors, such as labor markets): both the product market and the money market are in equilibrium. [12] This equilibrium yields a unique combination of the interest rate and real GDP.
Inspired by Lind (2009), [9] Oust and Hrafnkelsson (2017) created the following housing bubble definition: "A large housing price bubble has a dramatic increase in real prices, at least 50% during a five-year period or 35% during a three-year period, followed by an immediate dramatic fall in the prices of at least 35%. A small bubble has a ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
When it comes to selling a home there's a lot to know beyond staging and setting a reasonable list price. As with any industry, there are real estate definitions (homestead, quit-claim) and a set ...
New classical economics does not assume perfect information in the short run, but markets may approach efficient outcomes as information is discovered. [3] If the sale price exceeds the market-clearing price, supply will exceed demand, and a surplus inventory will build up over the long run. If the sale price is lower than the market-clearing ...