Demand And Supply

Essay specific features

 

Issue:

Business

 

Written by:

Gregory T

 

Date added:

March 1, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 381

 

Was viewed:

3480 times

 

Rating of current essay:

 
Essay content:

In many major cities, the supply of real estate has been behind the demand. This created and sustained a sellers’ market, which means if there are more buyers than desirable properties prices will rise. Those properties are no less desirable than they were a year ago, however the credit crisis has reduced the number of potential buyers...
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With fewer potential buyers in the market, prices will drop as homeowners compete for the sale. A note about the buyer-seller relationship: In free markets, you must have a willing buyer and a willing seller. When I say there are more sellers than buyers, I mean that sellers are forced to provide incentives to convert reluctant prospects into buyers...
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