The Demand and Supply of Housing - Click to edit Master...

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Unformatted text preview: 9/13/11 Click to edit Master subtitle style The Demand and Supply of Housing Chandrea Washington 9/13/11 Factors of Housing Demand Ø Price Ø Population Ø Location Ø Income Ø Consumer Preferences 9/13/11 Law of Demand & Supply Law of Demand states: that other things held constant, as the price of a good increases, the quantity demanded will fall. Law of Supply States: that other things held constant, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases 9/13/11 Factors that increase the price  Costs  Location  Amenities  Availability 9/13/11 Prices in the housing market follow the law of mean reversion: Ø After periods of rapid price appreciation or depreciation, they revert to where their long-term average rates of appreciation indicate they should be....
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This note was uploaded on 09/11/2011 for the course ECON 3006 taught by Professor Keeler during the Spring '11 term at California State University , Monterey Bay.

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The Demand and Supply of Housing - Click to edit Master...

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