Shifts And Price Elasticity In The Housing Market

In any country inflation is not viewed favorably because of the serious effects it has on the economy and other social things like house prices, income and retirement benefits. Inflation has a serious and adverse effect on income distribution wherein the fixed income is not adjusted to continuous price rise which happens during inflation. In addition, the real income, that is the income that buys goods and services, falls.More...

Housing prices during recessions in Canada have shown a very strange trend. This trend is unlike what we see in other countries. Although during recessions in Canada fewer homes are sold, home prices tend to go up; as is the case presently seen in Toronto. More...

When a home is sold, appraisers use comparable market sales or comps of local properties sold in the recent past to get the value of a home. Depending on the value of the home, a mortgage lender then approves the loan.More...

VA home loan is a loan made out veterans wherein they are not required to put any down payment on the home and the interest rates are lower than other mortgage loans. In order to be eligible for a VA home loan, a veteran has to furnish a veteran’s certificate of eligibility and VA-assigned appraisal. Besides this, the getting a VA home loan application process is no different from any other mortgage loan. More...