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What does supply and demand determine in the home pricing market?

Supply and demand in the home pricing market determine the equilibrium price of real estate properties. When demand for homes exceeds supply, prices tend to rise, making homes more expensive. Conversely, if there is an oversupply of homes and demand decreases, prices may fall. This dynamic helps to balance the market, influencing both buyers' and sellers' decisions.


What is the economic importance for cracking hydrocarbons?

Cracking hydrocarbons is very important because in order to power our cars and warm our homes we have to use crude oil which is cracked into smaller hydrocarbons which make diesel and petrol and other types of fuels for our homes and environment. :)


Who could result in some people being priced out of the option to buy a home?

Several factors can lead to people being priced out of the option to buy a home, including rising interest rates, which increase mortgage costs, and escalating home prices driven by high demand and limited inventory. Additionally, economic factors such as stagnant wages or job loss can further limit affordability. Market speculation and investment in real estate by corporations can also contribute to decreased availability of affordable homes for individual buyers.


Why do people need homes?

People need homes because of the necessity for shelter.


Does a low-income apartment in the neighborhood lower the value of my house?

Low income or affordable housing complexes are one of many factors that determine property value. The state of the complex, it's age and maintenance/upkeep determine whether or not it will have a negative impact on your property's value. It is best to seek advice from a knowledgeable realtor who is familiar with the area and value of surrounding homes in the area who would be able to determine whether an affordable housing complex actually had any significance on the value of the property. no i am looking for a apartment base on my income

Related Questions

Can a hot tub go in a house?

Of course! This is common in some newer high priced homes.


Are park homes more expensive than regular homes in New Jersey?

Yes, Park homes do tend to be pricier than regular homes in New Jersey. They are homes for the upper scale of people in society. The homes seem to be overly priced, in most cases. But they are nice homes for the most part.


Which of these is an advantage of using natural gas?

It is fairly safe for use in homes.


What is the mean price for homes in Scottsdale?

The mean, or average, price for homes in Scottsdale AZ is currently approximately $193,000.00. Homes in this area are priced in a large range, including properties listing slightly under $100,000.00 and up to several million.


Are your townhomes for sale competitively priced?

Well, town homes can be expensive or cheap depending on where you plan to purchase your town home. However, I live in Vancouver, and the town homes are approximately four hundred thousand dollars.


Where can I get a list of reasonably priced trailer homes?

If you go to houseradar.com you will find trailer homes for rent or for sale right in your area. Also going to craigslist.com and searching for rentals in your city and state is another good option.


How do Lake Lanier real estate prices compare to the national average?

Lake Lanier is a lake in Georgia. Lake homes in the area are priced much higher than the national average, with homes averaging in excess of $500,000.


What was the most important book in the colonial homes?

The Bible was the most important. In many homes it was used as part of the education of children.


Where was Shakespeares favourite home?

There is no way to determine which of Shakespeare's homes was his favorite.


What is the rate of foreclosure on Indianapolis homes?

Indianapolis has a fairly high foreclosure rate. As of first quarter 2011 the rate was about 1 in 500 homes. That's one of the highest rates in the country.


What are some good homebuilders offering new homes in the area of Charlotte?

Some good quality homebuilders in the Charlotte area are Essexhomes, Ryland, Clayton Homes. There are several independent builders one should also look into as they can be better priced.


How do you determine land and building ratio?

land to building ratios for funeral homes