Label and identify the variables and type measurements in the article below.
While 80 percent of Americans believe it is a good time to buy a home, home owners have never been so reluctant to sell, according to a new study that found "home selling sentiment" at a record low.
The report by the Mortgage Bankers Association's Research Institute for Housing America found that since 2005 home owner interest in selling "dropped precipitously" so that now only about 7 percent believe it is a good time to sell. By contrast between 1992 and 2005 the percent of homeowners who said they believed it was a good time to sell fluctuated between 40 percent and 60 percent.
"What distinguishes the current recession is the dramatic decline in home selling sentiment," said the report. The negative attitude of sellers is attributed to the difficulty that sellers are encountering in finding buyers for their homes at desired sales and the overhang of troubled mortgages leading to short sales and foreclosures.
"Overall, the current recession has done remarkably little to dampen Americans' enthusiasm for home buying," the report said, countering speculation that the American dream of ownership may have ended. But the report also noted that in the last few yeas America has gone through the most severe housing downturn since the Great Depression and it warned that the housing market will remain extremely sluggish until seller sentiment changes. The report forecasted that for the next five quarters home selling sentiment will continue to hover near historic low levels.© BrainMass Inc. brainmass.com September 22, 2018, 3:18 pm ad1c9bdddf - https://brainmass.com/statistics/descriptive-statistics/label-identify-variables-type-measurements-449779
There are really two variables defined here:
The first sentence indicates that 80% of Americans believe it is ...
The solution assists with labeling and identifying the variables and type measurements.