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FACTORS AFFECTING HOUSING MARKET - Coggle Diagram
FACTORS AFFECTING HOUSING MARKET
MACRO
INVENTORY LEVELS
PRICES RISE
HIGH DEMAND, LOW SUPPLY
PRICES LOW
LOW DEMAND, HIGH SUPPLY
ECONOMY
CONSUMER SENTIMENT HIGH, SPEND BIG
JOB GROWTH HIGH
UNEMPLOYMENT RATE LOW
HOUSE SALES VALUE LOW
CONSUMER SENTIMENT NEGATIVE, SPEND LOW
JOB GROWTH LOW
UNEMPLOYMENT RATE HIGH
HOUSE SALES VALUE HIGH
CONSUMER BEHAVIOR
PRICES HIGH, WAIT FOR IT GO DOWN
PRICES LOW, BUY IMMEDIATELY
INTEREST RATES
LOW RATE, BUYER CAN BUY
HIGH RATE, BUYER CANNOT AFFORD
INVESTER ACITIVITY
INCOME APPROACH
RENT PER MONTH HIGHER THAN MORTGAGE VALUE, THEN BUY
RENT PER MONTH LOWER THAN MORTGAGE VALUE, THEN OBSERVE MARKET ACTIVITY FOR FAVOURABLE FACTORS
MICRO
COMPARABLE SALES
LOCATION
CUL-DE-SAC, PRICE HIGH
CROWDED, PRICE LOWER
FEATURES
MATCH THE CONSUMER NEEDS
ECO-FRIENDLY, HI-TECH
LOT SIZE
NUMBER OF ROOMS
LAYOUT
PROPERTY CONDITION
CLEAN CONDITION
UPGRADED FEATURES AVAILABLE
RENOVATION TO MAKE IT BETTER
STRATEGY
PRESENTATION
PRICING STRATRGY
GET EARLY SALE IN MARKET, TO KEEP PRICE HIGH
MORE TIME HOUSE STAYS IN MARKET, PRICE DECREASES
VALUE YOUR HOME
OBSERVE STOCK MARKET
RECOVERY
DECLINING VACANCY, NO NEW CONSTRUCTION
EXPANSION
DECLINING VACANCY, NEW CONSTRUCTION
HYPERSUPPLY
INCREASING VACANCY, NEW CONSTRUCTION
RECESSION
INCREASING VACANCY, COMPLETED CONSTRUCTION