Explore BrainMass

Explore BrainMass

    Supply and Demand of Real Estate

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concord MA; and Seattle, WA. Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes and be sure to show your work.

    2.a: Chart

    City: Price of 3-bedroom, 2 bath home:

    2.b. Explanation for variations in price due to variations in demand including relevant graphs.

    2.c. Explanations for variations in price due to variations in supply including relevant graphs.

    © BrainMass Inc. brainmass.com December 15, 2022, 8:07 pm ad1c9bdddf
    https://brainmass.com/economics/supply-and-demand/supply-demand-real-estate-273545

    Attachments

    Solution Preview

    In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concord MA; and Seattle, WA. Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes and be sure to show your work.

    2.a:
    City Price of ...

    Solution Summary

    This job highlights supply and demand of real estate.

    $2.49

    ADVERTISEMENT