Preview

CW ID 00003790

Powerful Essays
Open Document
Open Document
1573 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
CW ID 00003790
To be completed by the student
To be completed by the markers
Module Name and code
FoE 2UZF315
First Marker’s name
(acts as signature)

Tutor Name
Salim Turdaliev
Second Marker’s name
(acts as signature)

Student ID (UoW)

For Registrar’s office use only (hard copy submission)

Student ID (WIUT)
00003790

Deadline date
12 March, 2015

Individual assignment
 Yes

Group assignment


COURSEWORK SUBMISSION COVER PAGE

(1328 words)
Submission instructions

Please note that all work must be submitted in both Hard Copy to the Registrar’s Office and Electronically unless instructed otherwise.

For hardcopy submission instructions refer to: http://intranet.wiut.uz/Shared%20Documents/Forms/AllItems.aspx- Coursework hard copy submission instructions.doc
For online submission instructions refer to: http://intranet.wiut.uz/Shared%20Documents/Forms/AllItems.aspx- Coursework online submission instructions.doc
Feedback
To be completed by markers

Assessment criterion and/or learning outcome
Marker’s comments and second marker’s comments if appropriate
1.

2.

3.

Introduction
In accordance with the assignment requirements, the US housing market analyses will be provided in the following report. The report illustrates detailed information about the US housing market, microeconomic factors such as demand and supply that affect the price and overall condition of the market.
Housing market in the US plays significant role in shaping the economic and social well-being of the country. The housing industry has an excessively huge effect on the more extensive wellbeing of the US economy contributing 15% to US Gross Domestic Product (GDP) in 2012 and about 20% amid the go-go years of the most recent decade. There are two primary ways that the housing directly affects the economy. First, private altered speculation alludes to money spent on new home development and upgrades. These capital speculations have overall represented 5% of US Gross domestic product



Bibliography: John Sloman and Mark Sutcliffe, (2001). Economics for Business. 2nd ed. Harlow: Pearson http://www.thirdway.org/report/theres-no-place-like-home-housing-market-indicators http://www.statista.com/statistics/199360/case-shiller-national-home-price-index-for-the-us-since-2000/ http://www.economist.com/blogs/graphicdetail/2014/02/us-house-prices http://en.wikipedia.org/wiki/United_States_housing_bubble http://money.cnn.com/2013/11/26/news/economy/home-prices/ http://www.reuters.com/article/2013/10/21/us-usa-economy-housing-idUSBRE99K0GC20131021 http://www.usatoday.com/story/money/business/2013/08/18/housing-recovery-strong-but-not-as-frenzied/2634335/

You May Also Find These Documents Helpful

  • Best Essays

    The housing market crash between 2006 and 2007 is considered the worst one in this country 's history. Home ownership rates in the U.S. had risen from 64% to an all time high of 69.2% between 1994 and 2004 (Watkins, 2015). By the beginning of 2006, house prices had reached unsustainable levels. As a result, demand waned and prices fell dramatically by the end of 2006 and through 2007. Prior to the subprime mortgage crisis, the housing market was booming due in large part to new loan instruments advertised by mortgage brokers to make homeownership more affordable. Once prices on homes reached a peak and demand dropped, the housing bubble…

    • 2391 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    The purchase of a home has many benefits in the economy. The way the strength of the economy as a whole can affect the marginal benefits and the marginal costs associated with the purchase of a home are interest rates and home values. If the economy is good the value of homes typically increase, and interest rates will be driven by prime rate which is set by the Feds. When the rate is low people want to buy or refinance, but when the economy is poor there are fewer buyers because there job market is tough and banks will slow down lending by making it tougher for people with credit problems to buy a home.…

    • 262 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The significance of the housing market and it's importance to this economy cannot be overstated. There is a wealth of quality information about real-time trends on new and existing home sales provide a reasonable snapshot of the housing market, which is affected by a lot of the economic indicators. It is also affected by various cross-currents such as home prices, inventory levels, foreclosure activity, default ratios, short sales and credit availability.…

    • 817 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    This form must be completed, signed and attached to each assignment you submit within the Faculty of Business and Law.…

    • 671 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    The housing market changes quite frequently and depending on the city, state, and neighborhood. When a home-buyer is interested in purchasing a home they look for what fits their needs, life style, and budget. This is important because it will also determine what type of house they can afford to live in and how much they can get for the amount their budget will allow. Buyers and sellers will look for certain variables when purchasing or selling a home and data must be gathered to make sure that all details match and that all requirements are met. It would be safe to assume that our theory that the larger the house and the more rooms a house has, the more expensive the price of the house will be. The three major variables in our data summary are: number of bedrooms, size of the house, and number of baths.…

    • 416 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Final Project

    • 1941 Words
    • 8 Pages

    When the time comes in a person’s life to purchase a new home, they have accepted a decision that could be life changing. This decision can be difficult and is influenced by several different factors, such as the stability of the economy, the markets and types of goods that affect supply and demand, and the fiscal policies that could have an effect on the housing market. This decision has become even more difficult in recent times due to a less than favorable economy. Before a decision can be implemented, there must be some research and investigation done on the many factors that influence an investment as large as this.…

    • 1941 Words
    • 8 Pages
    Better Essays
  • Good Essays

    (Pittis, 2015) In fact, due to Baby Boomers are looking for getting the maximum value from their single-family homes, a future increase in this specific market will make prices to reach a maximum value at certain point, resulting in a period of decline. (Ireland, 2015) For instance, Edmonton will present a reduce in housing prices due to both the large supply of homes in the market and economic issues related to the decline of Alberta’s oil extraction. As Pittis (2015) states, the combination of both factors will cause a reduction in the housing demand since there will be fewer buyers compared to the number of Boomers competing to sell their homes. In Ontario, there will be similar consequences, however, they will vary depending on where and what type of house is in the market. (Pittis, 2015) For instance, inner Toronto may not be hardly affected because its convenient place allows a limited number of single-family homes with a high demand from buyers. In contrast, sixty-four percent of inhabitants in the Great Toronto Area demonstrate being worried about a possible downturn in the real estate prices. (Ireland, 2015). In London, for instance, the vast space for construction will not provide the city with an scarcity value, reducing even more the housing prices in the area. (Pittis,…

    • 1686 Words
    • 7 Pages
    Good Essays
  • Good Essays

    ECONOMIC

    • 584 Words
    • 3 Pages

    Show the effect on the U.S. new construction residential housing market in the event of a severe economic recession such as the country recently experienced.…

    • 584 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Uk Housing Market

    • 726 Words
    • 3 Pages

    The housing market consists of buyers and sellers like in any other market who enter into an agreement for a price for a transaction. Because we are so physically and emotionally attached with our home normal factors can take different heights of significance. For instance its supply is affected differently than other products because of its non mobility nature. In recent years UK Housing Market has been proven volatile due to many fluctuations in some market and constant in other. The house prices were 0.4% higher than in March 2010 and 10.1% higher than in April 2009, amounting to £207,516 adjusted…

    • 726 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Real-estate market was exceptionally prosperous. The number of Americans owning their own homes reached an unprecedented record of forty nine percent. A similar phenomenon occurred between the years of 2006 and 2008. Everyone was taking advantage of the easy access to mortgages. Analysts show that during this period, about sixty eight percent of Americans owned their homes. This real-estate boom all ended when a wave of foreclosure hit the financial sector globally. This situation was worsened by the steep decline in house prices which left home owners unable to pay or refinance their…

    • 681 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Economic Forecast Paper

    • 1557 Words
    • 7 Pages

    As previously outlined in our team 's first project regarding the housing industry, there were six economic indicators which impact the housing industry. These indicators are GDP, the inflation rate, the unemployment rate, discount mortgage interest rates, housing starts and retail sales. Included will be a brief definition of each and its current status.…

    • 1557 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    science

    • 2051 Words
    • 9 Pages

    3 slides: Explain 3–4 ways in which supply and demand affect the prices of the homes…

    • 2051 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    In the start of the Scientific Revolution, people started thinking differently. Scholars and philosophers began to rethink their views about the old society and the way of living. Aspects of government, religion, economics and education were criticized. Two political thinkers, Thomas Hobbes and John Locke both experienced political hardships throughout their times, however they both came to two totally different conclusions on how future government should be ran.…

    • 478 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The increased demand for owning house by the US citizen has made in investors to speculate the prices of real estate in the US hence it has made the price to increase causing the demand to decrease due to the increased price cost of owning one this occurred in 2005 to 2007 unlike in the past where the prices were…

    • 1200 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Hispanic Immigration

    • 2766 Words
    • 12 Pages

    Oscar J Franck (2007, January). The Impact of Immigration Reform On the U.S. Housing Market. Multi - Housing News, 42(1), 32. Retrieved February 25, 2008, from Research Library database. (Document ID: 1193065241).…

    • 2766 Words
    • 12 Pages
    Powerful Essays