Here is the synopsis of our sample research paper on Current California Real Estate Market: Influences. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
5 pages in length. There are a number of variable to take into consideration when examining the influences of today's California real estate market, not the least of which include interest rates, construction costs and legislation. California, one of the highest priced real estate markets in the country, has experienced exponential growth over the past several years where home sales are concerned, which has analysts and laypersons alike debating whether such a trend represents impending inflation or a solid market. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCCalRealEs.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
California, one of the highest priced real estate markets in the country, has experienced exponential growth over the past several years where home sales are concerned, which has analysts and
laypersons alike debating whether such a trend represents impending inflation or a solid market (Sanchez, 2003). There is virtually no community left unscathed by the current trend in Californias real
estate market, a tremendous undercurrent fueled by a combination of exponential sales prices, lower-than-normal interest rates, the cost to construct homes and certain safeguards the government places upon the industry.
Even with the steadily rising interest rates, coupled with ever-growing construction costs, many California communities are still experiencing significant market increases. "...Despite growing interest rates, the Sacramento
housing market is not expected to cool for some time, partly because the obscenely high prices of housing in the San Francisco bay area is still causing people to move
to the only slightly less expensive Sacramento area" (McCarthy, 2003, p. 25). Throughout the past several years, California experienced tremendous market growth that benefited only a portion of its
population; those who could not afford the skyrocketing prices were unable to secure adequate and/or affordable housing. Even rental properties were asking exorbitant prices in order to keep up
with the real estate market boom. Many believed the year 2000 would finally allow for leveling off of steadily rising sales prices (Wedner, 2000), but now in 2005 there
does not appear to be much difference to that of five years ago, leaving a trail of low income households that are "effectively priced out of the market" (Anonymous, 2001).
Government impact upon Californias current real estate market begins with the Housing Element law, which mandates a city "to examine potential and actual governmental and non-governmental constraints to the development
...