Examines industry trends, economic, legal and political factors.
Written in 1992; 1,575 words; 6 sources; $ 55.95
From the Paper:
"THE CURRENT REAL ESTATE MARKET
This research reviews the current real estate market in the United States. Economic, legal, and political factors affecting the market are considered, as are industry trends.
Monetary and fiscal policies affect the real estate industry in a variety of ways. Further, a single policy action may produce conflicting results. The great majority of private real estate construction and sales are financed through the issuance of mortgage loans. Thus, the level of mortgage interest rates tends to exert an almost immediate and a meaningful impact on real estate construction and sales. Higher interest rates reduce the pool of potential real estate purchasers who can qualify for a mortgage loan, and cause other potential buyers to drop out of the market because they are unwilling to pay ..."
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