Trends in the Real Estate Market

 

ACTIVITY: Trends in the Real Estate Market (Term Paper Part 4)

There are 2 parts to this assignment. First, you will type your paragraphs into the text box here. Click the “Submit” button. A text box will appear. Type your contact information and then your two paragraphs. Then click the “Submit” button again to submit your text. Secondly, you will upload a document with two charts and/or graphs. It can be any of the following file formats: .doc, .docx, .pdf, .bmp, .png, .jpg, or .gif

Remember, please SAVE a copy of your assignment to a Microsoft Word document or google doc. You will need a copy of it later for your final paper, “Real Estate Economic Forecast,” in which you will analyze the local real estate market and predict the future trends. SCROLL DOWN TO THE END TO VIEW A SAMPLE ASSIGNMENT.

INSTRUCTIONS

Begin with your name, date, and class number at the top of the paper. Write 2 paragraphs about Trends in the Real Estate Market. Each paragraph must be at least 5 sentences long and include at least one citation (page number from the textbook and/or data source).

In the first paragraph, select and respond to only FIVE (5) of the following prompts in complete sentences based on Chapters 9, 10, 11, and/or 12 of the textbook. Do NOT use numbering or bullet points and do NOT include these questions/prompts in your responses:

  • Discuss which economic conditions influence housing demand (pages 262 – 264).
  • What is one of the specialized housing markets today (pages 270 – 275)?
  • Explain the affordability index (page 278) and give an example from a credible website source.
  • List one type of non-traditional housing (pages 287 – 306) and give an example from a credible website source.
  • Identify one issue in which agricultural property influences national economics (pages 321 – 324).
  • Discuss an economic threat to agricultural land (pages 326 – 328).
  • Identify a specific type of land and explain how it influences state economics (pages 328 – 331).
  • Evaluate the advantages and disadvantages of real estate investments (page 340).
  • Compare and contrast the types of locations for commercial property (pages 341 – 344)
  • How are commercial leases tied to the economy (pages 345 – 348)?
  • Highlight one type of retail space and explain how it creates supply and satisfies demand in the marketplace (pages 353 – 358).
  • Who are the various investment parties in commercial real estate (pages 363 – 366)?

In the second paragraph, identify and explain two charts or graphs, based on your own independent research. First, use the Resources below to locate two charts and/or graphs that depict real estate trends that are less than five years old. They can be local area, statewide, or nationwide trends in the real estate market. UPLOAD THE 2 GRAPHS / CHARTS AS A SEPARATE DOCUMENT and then submit your 2 paragraphs in a text box. The illustrations need to be from a scholarly or credible source. Do NOT use numbering or bullet points and do NOT include these questions/prompts in your responses:

  • Identify the name of your first chart or graph, and explain what it illustrates. Cite your source.
  • Discuss how this first chart or graph relates to trends in the real estate market.
  • Identify the name of your second chart or graph, and explain what it illustrates. Cite your source.
  • Discuss how this second chart or graph relates to trends in the real estate market.
  • Compare and contrast the two charts and/or graphs by relating how they are similar and/or different from each other.

In the paragraph, cite your sources using APA format. Refer to the “Citations & References” section below. Insert the reference in APA format at the end of both paragraphs. In your term paper, this will be inserted on the References page.

Lastly, UPLOAD YOUR 2 CHARTS AND/OR GRAPHS.

You can either insert into the text box or ATTACH as a separate document. The document to upload can be any of the following file formats: .doc, .docx, .pdf, .bmp, .png, .jpg, or .gif

Citations & References

Here’s how to cite your sources in-text (within the paragraph) and create an APA formatted reference:

Enter the website link into the field, “Cite your source automatically in APA” and walk through the process. In the last step, your reference is created for you.

Remember, when you use any sources (other than your own original work), you MUST cite them in your paragraph, and reference them at the end.

Resources

2024 California Housing Forecast by Steven Thomas (CCCREEC Conference):

National Association of Realtors Economists’ Outlook

RIS Media

CCIM Institute (commercial real estate)

Real Estate Economics Journal (American Real Estate and Urban Economics Association)

The Journal of Real Estate Finance and Economics

Journal of Housing Economics

Journal of Real Estate Literature

Annual Review of Financial Economics

International Journal of Economics and Financial Issues

MDPI – Economies

Trends / Charts / Graphs

Bradco High Desert Report (note there are many issues available):

California Association of Realtors:

Gary Keller’s economic report at Keller Williams Family Reunion in 2016:

EXAMPLE

Below is an example. Do NOT copy the wording, but you can use the structure as a template to follow. The citations are highlighted, but please do not highlight in your assignment.

Name: Ima Student

Date: January 1, 2022

Class: BRE-139-xxxxx

Textbook: Huber, et al., 2016

TRENDS IN THE REAL ESTATE MARKET

This section explores five areas or trends in the real estate market and how they influence the economy. …. is an economic condition that influences housing demand by …. (p. 263). … is a type of non-traditional housing (p. 305)and according to (source), this type of housing is predicted to … in the future. Overall, … is an economic threat to agricultural land because … (pp. 326 – 327). One advantage of real estate investments is … and a disadvantage is … (p. 340). … is a type of retail commercial space is that creates supply and satisfies demand in the marketplace by … (p. 354).

The first chart is titled, “U.S. Existing Home Sales” and illustrates real estate trends …, according to the National Association of Realtors (Hyman, 2021). It relates to trends in the California real estate market because … The second graph “Median Sales Price of Existing Home Sales” depicts how …. and … (Hyman, 2021). Because of … this graph shows … trends in the national real estate market. The chart and the graph are similar in that… and they are different from each other because … Overall, both the chart and the graph are useful in understanding the real estate market trends.

Graph 1 - US Existing Home Sales.png

Graph 2 - Median Sales Price of Existing Home Sales.png

References:

Huber, W., Messick, L. P., & Piva, W. (2016). Real Estate Economics (6th ed.). Covina, CA: Educational Textbook Company.

Hyman, M. (2021, December 22). November 2021 Existing Home Sales Increase for Third Consecutive Month. Retrieved from National Association of Realtors: https://www.nar.realtor/blogs/economists-outlook/n…

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