Declining interest rates for home mortgages in any given market should do what to the demand curve for residential homes?
1
Expert's answer
2013-04-16T11:51:29-0400
As both the absolute level and the direction of interest rates are the greatest factors influencing the supply of and demand for residential real estate, they are therefore the single greatest determinant of residential real estate prices. Rising interest rates will dampen housing demand while simultaneously increasing housing supply. And if the interest rates decline it will increase demand for residential real estate and simultaneously decrease the supply of housing.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment