Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes.
I have done the research on various markets but I and the cost of housing but I am not sure how to explain why the prices vary.
Washington Atlanta Denver New Jersey San Francisco
$350,000 $135,000 $169,000 $279,900 $489,000
$350,000 $139,900 $170,000 $285,000 $350,000
$359,900 $144,000 $170,000 $319,000 $338,888
$353,300 $139,633 $169,667 $294,633 $392,629
See the attached file for complete solution. The text here may not be copied exactly as some of the symbols / tables may not print. Thanks
This should provide you enough lead to build your answer. Best wishes.
Housing prices vary from city to city due to differences in parameters affecting the prices.
Supply Side: The supply side is constrained with limited land availability. The land is limited and number of houses, which can be built on the limited land, are also limited. Although, a city can expand to cater to the increasing housing demand by expanding its ...
Housing prices vary from city to city due to differences in parameters affecting the prices. The solution discusses various factors on the supply side and demand side and explains how the changes in supply and demand for the housing would push the prices up or down. The solution is 366 words and two charts.
Home Building Industry
The last few weeks has been really rough for me and I have fallen behind in class. I need to prepare a paper on an industry affected by the economy, and I have chosen the home building industry. Unfortunately, the paper is due tonight. I will reword the essay and cite from here also.
The following needs to be included with the final paper:
Include at least eight sources, two for each topic.
Research the industry's price elasticity of supply and demand.
Research any negative or positive externalities the industry produces.
Research how wage inequality is measured and if it is present in the industry.
Research monetary and/or fiscal policies that have affected the industry.
Include the APA-formatted references and a summary of the major points in the articles or Web sites.
Thank you all for helping me. It is greatly appreciated.
ps: I am willing to up the credits to 15.View Full Posting Details