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While many analysts predict an increase in housing supply, mortgage lender Jaye Hohman of Hohman Finance also sees downward pressure on prices and rents from the demand side of the equation.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Market activity will vary across the US Nationally, many economists call for home prices to rise between 2% and 4% next year, around historical averages. But the strength of the housing market is ...
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 and structural changes affecting the industry.
The West Coast Florida city saw a 51% year-over-year home inventory increase, which contributed to the drop in listing prices. Median sale prices in the city dropped by 4.6% since March 2023 ...
[1] The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.
A housing shortage is one of the big factors causing today’s tight market, and inflation is a big driver of the shortage. The rising costs of building materials and labor have forced builders to ...
Guren and McQuade (2020) argue that widespread foreclosures can interact with the housing market to amplify declines in asset prices, leading to prices below levels determined by fundamentals: "When the housing market is hit by a shock that lowers housing demand and induces some foreclosures — for example a drop in employment . . . the ...