Search results
Results from the WOW.Com Content Network
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 ...
[1] The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.
A property cycle is a sequence of recurrent events reflected in demographic, economic and emotional factors that affect supply and demand for property subsequently influencing the property market. [ 1 ] [ 2 ] Cyclical patterns are a well-documented and consistent feature of housing markets.
Median cost to purchase a home by U.S. state Median cost to purchase a home by U.S. metro area Fig. 1: Robert Shiller's plot of U.S. home prices, population, building costs, and bond yields, from Irrational Exuberance, 2nd ed. [1] Shiller shows that inflation-adjusted U.S. home prices increased 0.4% per year from 1890 to 2004 and 0.7% per year from 1940 to 2004, whereas U.S. census data from ...
Suburbs are often built around certain industries such as restaurants, shopping, and entertainment, which allows suburban residents to travel less and interact more within the suburban area. [ 7 ] In the early 21st century, the spread of communication services, such as broadband , e-mail , and practical home video conferencing , have enabled ...
Many spatial economic topics can be analyzed within either an urban or regional economics framework as some economic phenomena primarily affect localized urban areas while others are felt over much larger regional areas (McCann 2001:3). Arthur O'Sullivan believes urban economics is divided into six related themes: market forces in the ...
A typical suburban development in the United States, located in Chandler, Arizona An urban development in Palma, Mallorca. Urban sprawl (also known as suburban sprawl or urban encroachment [1]) is defined as "the spreading of urban developments (such as houses, dense multi–family apartments, office buildings and shopping centers) on undeveloped land near a more or less densely populated city".
Housing can be built rather quickly, but since housing is a durable good, old housing does not disappear quickly. Thus, house prices in slow or negative demand growth markets are capped by construction costs. Price construction cost ratio and price building cost ratio are methods that is falls in under this method.