1. The Housing Sector, Interest Rates and Unemployment Examined
... at average annual rates of 8%-12% in Australia, UK, Ireland, the Netherlands and Spain. In these six economies, the ratio of house prices to average earnings is at record levels and much higher than the average level over the period 1975 to 2002. The Economist concludes that house prices continued to climb despite a stock market crash, global economic slowdown and the Iraq war, and have fueled the belief that they ... an important factor in driving house price performance; however, Khatri (2003) notes that differences in mortgage market structures mean that for some countries, short-ter...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate