Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes.© BrainMass Inc. brainmass.com October 24, 2018, 6:38 pm ad1c9bdddf
Why is there such a large difference in house prices between the regions of the US?
Differences in real rates of economic growth - much of the growth in output during the late 1990s and early years of the current decade has been concentrated in the south east regions of the US
Unemployment rates and employment levels - unemployment in the South and South Western regions is close to or below full-employment. Employment levels are at record highs and this inevitably fuels total market demand for housing.
Population drift (between and within regions) - net population movement out of regions experiencing below-average economic performance leads to a reduction in demand for housing.
Land prices and development costs - clearly, land prices tend to be higher when the pressure of demand for the available land space is high.
Wages in the construction sector - hourly average wages in construction businesses in London and the South east are substantially higher than in northern regions.
Speculative demand for housing - the speculative demand for housing as a financial asset stimulates extra demand when prices are already strong.
demand and supply for housing
The determination of prices in local and regional housing markets is a classic example of microeconomics in action! We are seeing the interaction between buyer and seller with prices being offered and agreed before a final transaction is made. In this section we focus on the demand and supply side factors that determine the value of properties in a market.
Each housing transaction in the UK depends on
(a) The price that the seller is willing to agree for ...
This posting explains how supply and demand affect the prices of the homes in approximately 1000 words.
Quantitative Research on Job Markets
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As a researcher, the mastery of creating well-written and measurable hypotheses, problem statements, and research questions is critical. A grant or project proposal is often won or lost based on the strength of a researcher's skill in this area. This Discussion Board will give you an opportunity to improve your technique while peer reviewing your classmates' proposals. Using the topic from your Unit 1 DB post, select 1 data-collection idea, and write the following:
A quantitative hypothesis and a null hypothesis
Explain why you feel this is an important topic to investigate and why a quantitative method would be appropriate.
A qualitative research question with 3 guiding questions
Explain why you feel this is an important topic to investigate and why a qualitative method would be appropriate.
A summary of ethical responsibilities that align with the selected topic and method
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