Housing Market

The Housing Market is the market, where buying and selling of different kinds of houses take place. These houses can be bungalows, apartments, villas, condominiums or country homes. The other name of housing Market is Residential Real Estate Market as the houses are nothing but residential real estate property.

 

Main Participants of housing Market

The Housing Market is the market, where buying and selling of different kinds of houses take place. These houses can be bungalows, apartments, villas, condominiums or country homes. The other name of housing Market is Residential Real Estate Market as the houses are nothing but residential real estate property.

 

Main Participants of housing Market

Owners- Owners are those people who buy houses and use them for living purposes.
Investors- Investors are those people who buy houses not for personal consumption. They rent out or lease out the houses. Investors even buy houses to sell them in the future at higher prices, which will serve them a good amount of profit.
Renters- Renters take houses on rent for personal uses from the owners of the houses.
Builders- After acquiring lands builders construct houses on them and sell in the Housing Market.
Renovators- Renovators revamp existing old houses and sell them again in the Housing Market.
Facilitators- Facilitators are those people who render some essential services in the process of purchase and sell of houses. Facilitators of the Housing Market are generally the banks, residential real estate brokers and the lawyers.

Housing Market analysis is commonly dealt with residential Real Estate Market, as the houses are nothing but residential real estate property. Get a detailed analysis on the housing market:

Housing Market Trends can be defined as the direction in which the situation in the housing market is changing. Get the recent trend of housing market:

Housing Market Report provides a clear picture on local and regional Housing Markets. Find detailed on Housing Market Report

Housing market in the United States is regarded as the best developed housing market in the World Housing Market.

Housing Market Forecast

Housing Market Prices

Virginia Housing Market

Housing Market Predictions

Housing Market Statistics

Find below the world demand and supply for housing market:

Demand for Housing Market

 

Demand for Housing Market depends on a wide range of factors. The most important factor among them is the Demographic Factor . The other factors , which play a vital role in determining market demand of houses, are:

• Income of the People
• Price of Houses
• Cost of Financing,
• Availability of Housing Loans
• Preferences of Consumers
• Preferences of Investors

By Demographic factor we actually mean population size and population growth. Greater is the population size; greater will be the market demand for houses. In the similar way, a rising growth rate of population suggests greater demand for houses in the Housing Market. But to avoid oversimplification and to get proper estimation of market demand of houses one has to consider the following things:

• Size of the Family
• Number of Children
• Age composition of the Family
• Number of Double Family Households
• Net Migration that is immigration minus emigration
• Death Rates
• Divorce Rates
• Marriage Rates

Consideration of all these factors is important because of the fact that not every person, but every household requires a house. Here, it should be mentioned that the size and demographic composition of household are variable.

Supply of Housing Market

Construction of houses involves the use of land, labor, electricity and other building materials. So, naturally the supply of houses in the Housing Market depends on-

• Price of Land
• Price of Labor
• Price of Other Inputs like Electricity
• Price of other Building Materials

Other than this supply of houses also depends on

• Technology of Production
• Existing Stock of Houses

Costs incurred in the Housing Market

The different types of costs involved in production of houses can be listed as:

• Acquisition Costs
• Site Improvement Costs
• Labor Costs
• Material Costs
• Financing Costs
• Administrative Costs
• Marketing Costs
• Brokerage Fees