The Demand and Supply of Housing - The Demand and Supply of...

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 9/13/11 Click to edit Master subtitle style The Demand and Supply of Housing Chandrea Washington
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 9/13/11 Factors of Housing Demand  Ø Price Ø Population Ø Location Ø Income Ø Consumer Preferences
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 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
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 9/13/11 Factors that increase the price  of housing Costs Location Amenities Availability
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 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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