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Housing Market
Name
Institutional
Course
Professor
Date
, 2
Housing Market
Housing Market and Attributes Impacting It
House marketing has grown over the ages, with its popularity growing daily and
people opting to be inclusive of the rapidly developing venture. Many people have resorted to
owning houses, building rental spaces, and investing in real estate ventures, all courtesy of
house marketing. House marketing is simply the supply and demand for homes, usually in a
particular locality, country or region (Pettinger, 2017). It represents the market for properties
being purchased and sold directly to buyers or through real estate brokers. The housing
market is a ground basis that integrates homeowners putting up their properties for sale,
renters, potential buyers, real estate investors who buy and sell for investment purposes, and
brokers who facilitate the buying and selling process.
The housing market bears some features crucial to its development, including the
housing supply, which aligns with the number of housing units in stock. Other features
include demand for housing, house prices, which determine the market openness and rate of
inclusivity by consumers, the rented sector, which aligns with purchasing as an investment
and demand from tenants, and government intervention in the housing market feature.
Despite the growing attributes of the housing market, it bears factors that affect it as a sector.
The factors affecting the housing market include economic growth, interest rates, economic
growth number of households, unemployment, mortgage availability, and interest rates,
among others. Some factors, such as interest rates, are essential in the sector since they
influence the cost of variable mortgages. The state of the mortgage industry determines
whether people are suitable for mortgages, which puts the unemployed in a tight spot since
they miss out on the opportunity. Economic growth is also an essential factor since it
determines the growth rate of the housing market industry (pvs_admin, 2019).
Housing Market
Name
Institutional
Course
Professor
Date
, 2
Housing Market
Housing Market and Attributes Impacting It
House marketing has grown over the ages, with its popularity growing daily and
people opting to be inclusive of the rapidly developing venture. Many people have resorted to
owning houses, building rental spaces, and investing in real estate ventures, all courtesy of
house marketing. House marketing is simply the supply and demand for homes, usually in a
particular locality, country or region (Pettinger, 2017). It represents the market for properties
being purchased and sold directly to buyers or through real estate brokers. The housing
market is a ground basis that integrates homeowners putting up their properties for sale,
renters, potential buyers, real estate investors who buy and sell for investment purposes, and
brokers who facilitate the buying and selling process.
The housing market bears some features crucial to its development, including the
housing supply, which aligns with the number of housing units in stock. Other features
include demand for housing, house prices, which determine the market openness and rate of
inclusivity by consumers, the rented sector, which aligns with purchasing as an investment
and demand from tenants, and government intervention in the housing market feature.
Despite the growing attributes of the housing market, it bears factors that affect it as a sector.
The factors affecting the housing market include economic growth, interest rates, economic
growth number of households, unemployment, mortgage availability, and interest rates,
among others. Some factors, such as interest rates, are essential in the sector since they
influence the cost of variable mortgages. The state of the mortgage industry determines
whether people are suitable for mortgages, which puts the unemployed in a tight spot since
they miss out on the opportunity. Economic growth is also an essential factor since it
determines the growth rate of the housing market industry (pvs_admin, 2019).
