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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 ...
Pantheon Macroeconomics is an economic research consultancy founded by Ian Shepherdson. [1] The firm is located in Newcastle upon Tyne, England , with offices in Valhalla, New York and London . Description
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.
He is the founder and chief economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with offices in London and Valhalla, New York. [1] In February 2015, [ 2 ] he was named The Wall Street Journal's US economic forecaster of the year for the second time, having previously won the award in 2003.
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate. [17]
The geographic boundaries of a market may vary considerably, for example the food market in a single building, the real estate market in a local city, the consumer market in an entire country, or the economy of an international trade bloc where the same rules apply throughout.
With an estimated net worth of $3.5 billion, Oprah Winfrey's real estate portfolio is abundant. The Mississippi-born multi-hyphenate has made Montecito, California, her main hub for the past two ...
In the neoclassical school of economics, the classical dichotomy dictates that real and nominal values in the economy can be analysed distinctly. Thus, the real sector value is determined by an actor's tastes and preferences and the cost of production, while the monetary sector only plays the part of influencing the price level, so in this simplified example the role of the supply and demand ...