Housing Market

A Housing Market is a real-estate market for residential real-estatees.

• AKA: Residential Real-Estate.
• Context:
  • It can (typically) be associated with Housing Demand and Housing Supply.
  • It can involve House Seller and House Buyers.
  • It can be associated to a Housing Rental Market.
  • It can be represented in Housing Market Data.
  • It can be represented in Housing Market Measures.
  • …
• Example(s):
  • a U.S. Housing Market (with a SF housing market), ...
  • a 2022 Housing Market, ...
  • …
• Counter-Example(s):
  • an Automobile Market.
  • a Commercial Real-Estate Market.
• See: House Allocation Problem, Real Estate Economics, Real Estate Business, Home Price, Mortgage Rate, Discounted Cash-Flow.

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References

2023

• chat
  • Q: What defines a housing market? What does it include? What is the difference between investor and small-investor buyers? How is a home renting market related?
  • A housing market refers to the buying and selling of houses and other types of residential properties in a specific geographic area. It includes factors such as supply and demand, prices, and the overall economic and demographic conditions of the area.

    Investor buyers are typically individuals or companies that purchase properties with the intention of generating income through rental or resale. They may have significant financial resources and may be more likely to purchase multiple properties or engage in speculative buying.

    Small-investor buyers, on the other hand, are typically individuals who are purchasing a property for their own use, but may also have the intention of generating rental income in the future. They tend to have less financial resources and may be more likely to purchase a single property.

    A home renting market, also known as the rental market, is related to the housing market in that it is also affected by supply and demand, economic and demographic conditions, and pricing. However, the rental market specifically deals with the rental of properties, rather than their sale.

2023

• https://www.fortunebuilders.com/san-francisco-real-estate-and-market-trends/
  • QUOTE: ... San Francisco Real Estate Market 2022 Overview
    • Median Home Value: $1,522,827
    • 1-Year Appreciation Rate: 7.3%
    • Median Home Value (1-Year Forecast): 8.6%
    • Weeks Of Supply: 7.4 (-5.9 year over year)
    • New Listings: 294.5 (-27.8% year over year)
    • Active Listings: 2,218 (-40.9% year over year)
    • Homes Sold: 323 (+13.7% year over year)
    • Median Days On Market: 14.6 (-6.6 year over year)
    • Median Rent: $2,270 (+9.5% year over year)
    • Price-To-Rent Ratio: 55.90
    • Rental Vacancy Rate: 8.7% (+3.2% year over year)
    • Delinquency Rate: 2.9% (-2.5% year over year)
    • Unemployment Rate: 4.7% (latest estimate by the Bureau Of Labor Statistics)
    • Population: 881,549 (latest estimate by the U.S. Census Bureau)
    • Median Household Income: $112,549 (latest estimate by the U.S. Census Bureau)

2023

• (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Housing_market Retrieved:2023-1-20.
  • Housing market can refer to:
    • The economics of real-estate used for residential purposes; see Real estate economics.
    • Real estate business - buying, selling, or renting real estate (land, buildings, or housing).
    • The problem of assigning indivisible items (such as houses) to people with different preferences such that each person receives a single item; see House allocation problem.

2010

• (Oreskes & Conway, 2010) ⇒ Naomi Oreskes, and Erik M. Conway. (2010). “Merchants of Doubt: How a Handful of Scientists Obscured the Truth on Issues from Tobacco Smoke to Global Warming." Bloomsbury Publishing USA.
  • QUOTE: ... The basic tenet of laissez-faire, that “free and competitive markets bring supply and demand into equilibrium and thereby ensure the best allocation of resources,” is an axiom that turns out not to be true.[38] Prices can be displaced from their “equilibrium ideal” for long periods of time, as any American impacted by the ongoing housing market collapse can attest. ...

2009

• (Ariely, 2009) ⇒ Dan Ariely. (2009). “Predictably Irrational: The Hidden Forces That Shape Our Decisions - revised and expanded edition." Harper-Collins New York. ISBN:978-0-06-135323-9
  • QUOTE: ... Here is the crux of the problem: When the housing market was hot, the bankers who gave out mortgages assumed, logically, that the customers would not want their houses to go into foreclosure. To further ensure that people would repay their loans, the mortgage contracts also included a variety of penalties and fines, in case people decided to walk out on their mortgages. On first glance this logic seemed very appealing: given all the terrible things that could happen to those unable to repay a loan (loss of their homes, wrecked credit, foreclosure fees of different sorts, legal fees, and the possibility of being used by the lender for a deficiency), the banks assumed that people would try very hard not to overborrow. ...

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