Southern California Housing Market Cause and Effect Essay by Write Fine

Southern California Housing Market
An overview of the factors responsible for the Southern California housing slump.
# 113292 | 950 words | 3 sources | APA | 2009 | US
Published on Mar 26, 2009 in Economics (Micro)


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Description:

The paper explains the key microeconomic factors that have contributed to a downturn on the demand side, and a rise on the supply side in the housing market. The paper discusses factors such as the reduction in cheap and easy access to credit, the increase in fuel prices, the excess housing and the liquidation of properties by banks. The paper points out that these factors of supply and demand have affected the southern California housing market more in outlying areas than in the inner city.

Sample of Sources Used:

  • Vincent, Roger. (2008). Gas Prices Latest Worry for Housing Market. LA Times. Retrieved July 23, 2008 from http://www.latimes.com/business/la-fi-homes17-2008jun17,0,2766175.story
  • Showley, Roger & Pierce, Emmet. (2008). Housing Slump in No Hurry to End. San Diego Union-Tribune. Retrieved July 23, 2008 from http://www.signonsandiego.com/uniontrib/20080716/news_1b16housing.html
  • Hong, Peter. (2008). Bargain Hunting Picks up as Southern California Home Values Fall Further. LA Times. Retrieved July 23, 2008 from http://www.latimes.com/business/la-fi-homesales17-2008jul17,0,3250369.story

Cite this Cause and Effect Essay:

APA Format

Southern California Housing Market (2009, March 26) Retrieved August 08, 2022, from https://www.academon.com/cause-and-effect-essay/southern-california-housing-market-113292/

MLA Format

"Southern California Housing Market" 26 March 2009. Web. 08 August. 2022. <https://www.academon.com/cause-and-effect-essay/southern-california-housing-market-113292/>

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