Housing Inequality in AmericaMain MenuThe Generational Illusion: An EssayAn Essay by Collin AndrewsEnvironmental Racism: How Residential Segregation Shapes Environmental InequalityHistoric Preservation Coast to CoastTitle PageNative American Housing: How Poor Housing Harms Indigenous HealthHow Poor Housing Harms Indigenous HealthPets & Housing: It's "Ruff" by Katie ClineHow NIMBYism Exacerbates Housing InequalityWhere's the Wealth!How Housing Discrimination has led to racial wealth inequality in the United StatesImmigrant Housing Inequality in AmericaIswat JinadSurveillance InequalityAn investigation into how poor communities are oversurveilled creating a cycle of more targeted and aggressive forms of surveillance for them and those around them.Post-WWII Urban Flight and the Birth of the SuburbsHousing Discrimination in Suburban AmericaRace, Repressive State Apparatus, and Homelessness: From Colonialism to COVID-19Tina NandiHousing Inequality and Access to Quality EducationMQ: Title PageVisualizing racial housing discriminationSplash page for path that includes interactive resources regarding racial housing discriminationProject information and creditsAndy Schocket278555063cc66428c8eadf42f48d412091c5aaf9Melissa Laddab8653014603439710b65435181f2130cee53400Andrew Bartelc9a57442f34fea7858b734ce98f4ec79bd5565b0Collin Andrewsf69afa6ae7fb0f33058b9e0cb476f7451a667cefTina Nandi6e38643c2c1510534cce4e954f0eeb8108bce699Iswat Jinad196dd805bf51f7a46fbf2d94ab069e97fc004d75Marcus Harris7e23857364c2363b25872718aea81323bdd37773James Cousinoe9398a1542d344c824ddaaf967819ae589cd2b61Katie Cline512add1943f75cbd770d4788dcdea90b706922c4Trisha A Bonham7fa13b399c9331700d719225b96f3bf9e54c4570Rene Oswald Ayalac01cc7385c24c3926f2f03a40860f6a4f703f410Kristine Ketel826fdfc33a24cff2c1e0ab79396dd2ae2bae3ed9Morgan Quinleyc8a47798c223cced64347bc9a7d80f6a64402e45
12022-12-02T05:27:43-08:00The Economics of it all!4plain2022-12-06T14:24:45-08:00Supply and Demand: The law of supply and demand also affects home and property values. When there is more demand for a certain type of property than there is available supply, prices will increase. Conversely, when there is more supply than demand, prices will decrease. This phenomenon can be quite frustrating for a potential homebuyer. During the spring of 2022 when my family was in the market for a home, we world schedule a walk-thru when a new listing became available and within 24 hours the home was in contract or sold sight unseen.
Economy: The state of the economy can also affect property values. When the economy is doing well, people are more likely to have money to invest in property. This can lead to an increase in prices.
Interest Rates: Mortgage interest rates can also affect property values. When interest rates are low, people are more likely to buy property. When the Federal Reserve Bank raises interest rates, mortgage interest rates also rise, resulting in fewer home purchases. This chilling effect on the housing market can also result in lower prices.
Inflation: Inflation is when the prices of goods and services increase over time due to the printing of more money and other factors. This often results in an increase in home and property values. (Mahr, 2022).
To learn more about how real estate can increase, or decrease, in value check out this quick three-minute video.