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REAL ESTATE INDUSTRY

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Title: REAL ESTATE INDUSTRY

Essay Details:

Subject: Business

Author: Elvis W

Date: January 24, 2013

Level:

Grade: A

Length: 7 / 1889

Essay text:

Like other economic markets, real estate markets have internal and external forces that make impacts in the market (Seldin & Richard 1985). Demand and supply forces have the major impact in the industry as they determine growth or decline in the market (Seldin & Richard 1985). Owner, renter and user are on demand side of the market that is they are consumers. Developers, financiers and renovators are suppliers (Acton et al 1999). Unlike commodities market demand and supply forces do not float easily. This is because of the uniqueness of this market. Real market industry has these unique characteristics, durability of products as buildings can last for decades or centuries...

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