Supply and Demand in Real Estate

As I researched in Realtor.com?s website I came up with these prices for 3 bedroom, 2 bath homes in these different cities in the graph and graph below. The most expensive place to croak is in San Francisco, CA and the least expensive is D bothas, TX. The only if logical invoice I could come up with of wherefore prices across our republic vary so much from urban center to city is that you contribute for what you deficiency. If you want to suffer by the bank and enjoy splendid weather 90% of the line of achievement of study, rather than live in other argona and have good weather 40% to 60% of the class you will pay for it. Other reasons why prices in areas are high(prenominal) than others are taxes, some states, counties and cities have higher taxes and that could make the price of the house whatever price it is be more expensive for the taxes you will have to pay year after year. The environment surrounding your neighborhood could also pack the cost of the home . If in that respect is a good school district, a college, a well known shopping m all(prenominal) all these are contributing factors to the price of a home. Prices also course of instruction to rise and fall due to the amount of houses on line of descent for sale and how long they have been on the market for.

For example, in CA a year ago, there was a 2.8 calendar months tally of unsold inventory and this year it is tracking at 5.9 month supply. (Realtor.com, 2006) From 3 months to 6 months that delegacy people?s houses that are for sale are on the market longer than operate year and that could mean that sel lers may cut prices in swan to sell their ! home. If there is a shortage (Excess Demand) consumers will pay... If you want to get a replete essay, order it on our website: OrderCustomPaper.com

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