Economics and Housing
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The paper looks at the Wall Street Journal article "Housing Market Shows Further Signs of Cooling" which focuses on the beginning of the decline in the housing market. The paper discusses how the article explains that there has been a change in supply as well as demand, with substantial increases in the inventory of homes available for sale. The analysis in this paper uses economic theories of consumption and supply and demand to explain housing factors described in the news article.
Sample of Sources Used:
- Arnold, Roger A. (2005)/ Economics, 7th Edition; South-Western Publishing.
- Hagerty, J.R. and Simon, R. (2005, November 15). Housing market shows further signs of cooling. Wall Street Journal. Retrieved from Web site: http://www.realestatejournal.com/buysell/markettrends/20051115-hagerty.html
- Housing demand is elastic. (2006, March, 8) http://www.affordablehousinginstitute.org/blogs/us/2006/03/housing_demand.html
Cite this Article Review:
Economics and Housing (2007, July 13) Retrieved August 18, 2019, from https://www.academon.com/article-review/economics-and-housing-96679/
"Economics and Housing" 13 July 2007. Web. 18 August. 2019. <https://www.academon.com/article-review/economics-and-housing-96679/>