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ECON The Wall Street Journal

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Presentation on theme: "ECON The Wall Street Journal"— Presentation transcript:

1 ECON 2105 The Wall Street Journal

2

3 Housing Market HOUSING PRICE Quantity In a normal housing market…
Supply Curve Equilibrium Price Rate Demand Curve Equilibrium Quantity Quantity

4 Housing Market HOUSING PRICE QUANTITY Currently… Supply Curve
New equilibrium price rate Demand Curve New Demand Curve for Housing New equilibrium quantity QUANTITY

5 Causes for Downturn As the economy still weathers record unemployment, buyers home purchasing power remains low, decreasing demand. This has a direct effect on home values which are falling at an accelerating rate. Thus, inventory levels of unsold homes are on the rise. Overall, buyers and sellers are at a standoff. Sellers reject low-ball offers and buyers demand a discount for belief that prices will drop even lower.

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