1. The Housing Sector, Interest Rates and Unemployment Examined
Literature Review Rapid inflation in house prices, particularly over the past five years, is now a global phenomenon. ... In terms of further work on the global perspective, Crooks and Despeignes (2002) chart the growth of house prices in Europe, America and parts of Asia, noting increasing rates not seen since the 1980s. ... Interest rates are an important factor in driving house price performance; however, Khatri (2003) notes that differences in mortgage market structures mean that for some countries, short-term interest rates play a greater role in housing demand than long-term rates. ......
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate