Essays on The Housing Market

Chapter III

This chapter will review the background of Real Property Law in the Kingdom of Saudi Arabia. In order to lay the foundation for comparisons in subsequent chapters, the elements of the Saudi judicial system and real property law will be reviewed. The background information pertaining to Saudi Arabia will feature the judicial court system, the property rights and real property ownership. A review of the current mortgage law in Saudi Arabia will be analyzed as well as possible reform to include the application of anti-deficiency laws.

Introduction

Saudi Arabia is governed by a monarchy. Its current legal system under the ...

Reducing class size enhances the student achievement.

Lesser the class size, more productive will be teaching methodology and more efficient will be the learning experience. For instance, a class of 100 students is being taught an econometric lesson involving complex data analysis will have a comparatively less productivity than the same class with a batch of 50 students. Important to note, because every class has a limited time period, within the one with less class size, students can learn and ask more about their queries compared to a class size with large student size. Hence, as the student learns efficiently about the subject, he is able ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

American Public University

In this paper, I will discuss the real estate industry development and inefficient use of financial resources in Turkey. Also, the real estate sector causes some damages in nature and misuse of a natural resource. The biggest problem is the short term vision planning businesses have been granted some advantages by the Turkish governments from 1984 to 2016 and the financial markets in Turkey has not been well-developed, and it causes inefficient use of funds. One of the industries using financial resources inefficiently is the real estate business (Finkel & Ersoy, 2016). The population has started increasing rapidly after the ...

Financial institutions and financial markets play a massive role in guiding the international economy. The financial industry is the purveyor of credit in the market, allowing individual investors to prepare for their retirement and consumers to purchase homes. The financial industry also works closely with the central banking system of the countries they are located in through legislation and interest rate control, directly relating them to the machinations of the central banking authorities. The roles of financial institutions have changed over time, developing as economics advanced and more needs accrued. Banking institutions were originally created for people to store ...

2008 Financial Crisis 2008 Financial Crisis The Financial crisis in the year 2008 affected globally. The onset of the recession started with the huge flow of money in the American economy. During the year 2001 U.S faced  recession but for a short span of time. In order to recover the economy the Federal Reserve lowered the interest rate from 6.5% in May 2000 to 1.75 % in December 2001. Money was cheaper and investors invested more money in the economy. This was the beginning of the problem. The trigger of the crisis was the housing bubble.

As credit was easily ...

Creativity Fails: How To Wreck The Housing Market

On June 5, 1995, at 11:50 A.M., in the East Room at the White House, President Bill Clinton delivered his speech “Remarks on the National Homeownership Strategy”, in which he stated: “The goal of this strategy, to boost home ownership to 67.5 percent by the year 2000, would take us to an all-time high, helping as many as 8 million American families across that threshold” (Peters, G., & Woolley, J. T., 1995). To facilitate such goal, President Clinton eliminated regulatory barriers and stimulated the financial sector to find creative ways of increasing home ownership of low-income Americans (Rajan, 2010, p. ...

The article addresses that the housing market remains robust in the economy that is characterized by sluggish wage growth, volatile stock market and higher oil prices that depress the consumer spending. The author highlights the shares of home price tracker Zillow and Pulte (PHM) and KB Home (KBH) home builder stocks that justify the robust housing market. Nonetheless, Monica asserts that the experienced higher earnings Home Depot (HD) and Lowe’s (LOW) have been instrumental in describing the growth of the housing market (La Monica). La Monica contends that the trickle up effect compels the consumers spending to increase ...

Residential Property Market in Australia

Australian has seen of the one highest boom in the residential houses market over the last couple of years. Additionally, the house prices have been on the rise. Particularly, the Australian Bureau of Statistics (ABS) indicated that the house prices in the country increased by an average of 11.4% before inflation adjustment throughout the major cities in the year 2015 (Chamberlain, Johnson & Robinson 2014). Notably, despite the modest economic growth experienced in Australia, the housing market continued to rise, and there has been a consistent increase in the house prices (Ley 2011). For instance, the eight major cities experienced ...

The Home Depot is a retailer of construction and home improvement services and products, has stores in Mexico, America, China, and Canada. The present economy in the United States has not been friendly for most organizations. The housing market has been the basis of inventory needs of the Home Depot, but it has recently faced been fluctuating unpredictably. The level of inventory is the most critical aspect in the management of Home Depot because it is among the top five costs of doing business. It is a factor that should be kept optimal at all times because undersupply of ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

Introduction

Summerlin is a 22,500-acre master-planned community on the west side of Las Vegas and next to Red Rock canyon National Park (Summerlin, 2016). This property is under development by The Howard Hughes Corporation in multiple phases. Summerlin North lies within the city limit of Las Vegas but Summerlin South lies in the unincorporated Clark County. Summerlin’s population has almost doubled in last 15 years. Close to 120,000 people currently leaves in Summerlin currently. Summerlin was named as “Best Places to Live in America” by Money in 2014 (Summerlin, 2016). Figure: Summerlin: Near Read Rock Canyon and ...

Introduction

In 2008, the entire world was rocked by the biggest financial crisis since the Great Depression. The crisis first affected the entire financial system of the United States before then quickly spread globally. The casualties of the crisis included the whole investment banking industry of the US. Other casualties were the US largest insurance company, largest mortgage lender, among other firms in the financial services sector. The US auto industry was severely hit leading to loss of jobs. The US unemployment rate increased by 4.9% points from the third quarter of 2007 to the third quarter of 2009. The ...

Introduction

The global financial crisis of 2007-2008 changed business and political outcomes in the United States. The desire by the United States government to ensure that its citizens get affordable housing led to a concerted government and business effort that led to the housing bubble and then bust. The new housing policy had its basis in the idea of American exceptionalism. The term "American Exceptionalism," coined by Alexis de Tocqueville in 1831, has historically referred to the perception that the United States differs qualitatively from other developed nations, because of its unique origins, national creed, political philosophy, and religious institutions. ...

Abstract

The labor market in the United States has changed significantly over the years because of the changes in the global market and the impact on the work force in the country. The changes have led to diversity in the way people live and work. For many people, the loss of jobs causes structural changes in the ways that people live as these people are no longer able to finance their way of life. Mortgages also have been affected by the changes in the labor market and people have now become more aggressive in securing their homes. In addition, the ...

Introduction

This report demonstrates how Uno Homes (UH) will respond to their operating environment through the use of PESTLE analysis, which can be used as a basis for future planning and strategic management. Such analysis of the surrounding environment is designed to point out the specific opportunities and threats that will impact the future strategy of UH.

Organisational Profile

Uno Homes are homebuilding specialists, one of several house builders operating in the city of London. Uno is the commercial brand of Uno Homes Group, one of the leading providers of homes in East London that was formed to meet the growing demand ...

Who: The Article Is About The President Administration And Homeowners Suffering From

What: The topic is housing crisis

Where: Twitter town hall meeting

When: Housing crisis has began a long time ago and isn’t going to end in the nearest future

Why: Decline observed in the housing market hasn’t been solved as soon as the President expected and now it received special attention from people at press conference. Summary: This article focused on President’s answers to questions asked by Tweeter users at town hall meeting considering the housing crisis, its reasons and possible solutions. Connections ...

Factors influencing House prices

Housing market operates under similar conditions which the other categories of markets operate in. Notably, the same factors that affect demand, supply as well as prices in other markets also do apply in the case of housing market. Arguably, house prices have become one of the common topics that are being discussed in almost all parts of the world. There are a number of factors that affect the housing market. Basically, as mentioned above, just like any in commodity market, housing market is generally controlled by supply and demand forces. Therefore, the major objective of this essay will be to ...

The housing sector in the United States of America is undergoing one of the most difficult times in the American history. The situation has become a real problem to the nation, to an extent that it has been classified as a major economic bubble1. The real cause and the direction of the situation is one of the major economic hurdles facing the United States of American today. It has affected many parts of the United States since it started occurring in 2007, while other parts are feeling the effects2. The situation has led to a decline in the number of potential buyers ...

Borrowing money in the majority of cases requires the borrower to repay not only the full amount of money, but also the interest on it. Therefore, interest rates determine the cost of borrowing money. The minimum exchange rates are set by state authorities, such as Federal Reserve in the US as the means to control inflation. Therefore, interest rates affect borrowing money for housing as much as any other investment, determining its affordability.

In order to investigate the effect of interest rate on the housing price, let us consider the consequences of increased rates. Firstly, increased interest rates would ...