Examines the conundrum that there is a so-called housing shortage while there are a large number of houses going unsold.
Written in 1993; 1,350 words; 5 sources; $ 47.95
From the Paper:
"The real estate market in the U.S. today is in flux and is much affected by the larger economic realities such as the recession, the possibility of a recovery, unemployment figures, and loan rates. Housing is seen as a problem, with a higher people today unable to buy a home than was true in the past. Many parents are faced with the fact that their children will not be able to afford to do anything but rent for the rest of their lives unless the housing situation is addressed and solutions are proposed. The housing situation is gauged in several ways, including average prices in different areas, new housing starts, and the number of units that change hands in a given period of time. The housing situation varies greatly from one region to another, with California being seen as having particular problems while many mid-Western areas have relatively fluid housing markets ..."
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