Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Explain why the housing market follows an up-and-down cycle. Follow the cycle, for example, why does it go down and what to people do when prices go down? Up?

Sagot :

The house market follows the law of supply and demand therefore it has an up and down cycle. ... This, along with low interest rates, increases the demand of houses in a place. As demand increases, usually the supply decreases because house take more time and resource to be produce than other goods in the market.
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.