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Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
In the paper, Richmond Federal Reserve Bank senior economist Borys Grochulski and vice president of research Zhu Wang argue that the U.S. model for real estate commissions is “puzzling” and an ...
Richmond is one of 12 cities in the country having a Federal Reserve bank. It, along with the New York and San Francisco Federal Reserve banks are the only ones that cover a non-state (Washington, D.C.). There are seven Fortune 500 companies headquartered in Northern Virginia, and nine in the Richmond area (most of which are within the city ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Fall: Booming housing market halts abruptly; from the fourth quarter of 2005 to the first quarter of 2006, median prices nationwide dropped off 3.3 percent. [49] Year-end: A total of 846,982 properties were in some stage of foreclosure in 2005. [50] 2006: Continued market slowdown. Prices are flat, home sales fall, resulting in inventory buildup.
The Tri-Cities of Virginia (also known as the Tri-City area or the Appomattox Basin) is an area in the Greater Richmond Region which includes the three independent cities of Petersburg, Colonial Heights, and Hopewell and portions of the adjoining counties of Chesterfield, Dinwiddie, and Prince George in south-central Virginia.
Real estate benchmarking consists of a group of real estate financial indicators and their benchmarks. Indicators in general allow investors to remove emotions and speculation out of investing; this is true not just in real estate investing, but on any other investment types such as stock or currency trading. Indicators are particularly ...
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