(Answered) Consider the place where you live city town county state

Economics

Consider the place where you live (city, town, county, state etc.) and think about local housing market, what can we say about Demand and Supply for housing as related to a geographic area? How would we tie this into current economic conditions?

Hint: Consider factors (e.g more green jobs, tourism, etc) that contribute to stable/rising housing market and factors (e.g. disaster prone areas, pollution, etc.) that lead to the opposite.

You can all use T-I-P-E-N and P-R-E-S-T to explain why housing prices vary from one city to another.

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Microeconomics, Economics

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