Real Estate Economics
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Real Estate Economics
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business and structural changes affecting the industry. Both draw on partial equilibrium analysis ( supply and demand), urban economics, spatial economics, basic and extensive research, surveys, and finance. Overview of real estate markets The main participants in real estate markets are: * Users: These people are both owners and tenants. They purchase houses or commercial property as an investment and also to live in or utilize as a business. Businesses may or may not require buildings to use land. The land can be used in other ways, such as for agriculture, forestry or mining. * Owners: These people are pure investors. They do not oc ...
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Sherlock Street, Burnaby, 10 Avril 2009
Sherlock may refer to: Arts and entertainment * Sherlock Holmes, a fictional detective created by Arthur Conan Doyle ** Sherlock (TV series), ''Sherlock'' (TV series), a BBC TV series that started in 2010 ** Sherlock Hemlock, a Muppet from the TV show ''Sesame Street'' ** Sherlock (video game), ''Sherlock'' (video game), a 1984 text adventure by Melbourne House **''Sherlock: Untold Stories'', a Japanese TV series aired in 2019 * Sherlock (EP), ''Sherlock'' (EP), by Shinee People * Allie Sherlock (born 2005), Irish singer * Cornelius Sherlock (d.1888), English architect * Frank Sherlock (born 1969), poet * Glenn Sherlock (born 1960), American baseball player and coach * Jack Sherlock (1908–1958), English footballer * John Michael Sherlock (1926-2019), Canadian Roman Catholic bishop * James Sherlock (born 1983), pianist * John Sherlock (c. 1705–1794), Irish-born general in Spain * Kurt Sherlock (born 1963), rugby player * Paul Sherlock (born 1973), English footballer * Richard S ...
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Trade Association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence public policy in ...
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Equilibrium Model Of Group Development
The equilibrium model of group development (equilibrium model) is a sociological theory on how people behave in groups. The model theorizes that group members will work to maintain a balance, or equilibrium, between task-oriented (instrumental) and socio-emotional (expressive) needs. A group can be successful if it maintains this equilibrium. Description The equilibrium model was created by Robert Bales, who conducted early empirical studies on group development. His model was the first extensive and systematic description of group development borne out of group observation. The equilibrium model is a progressive model as it explains group maturity and performance over a given period of time.Chidambaram, L. & Bostrom, R. P. (1996). Group development (I): A review and synthesis of development models. Group Decision and Negotiation, 6, 159-187. Bales proposed the model as a means to study the manifestation and incidence of task-oriented and socio-emotional behaviours.Caraba ...
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Divorce Rate
Estimates of annual divorces by country The following are the countries with the most annual divorces according to the United Nations in 2009.https://www.un.org/en/development/desa/population/publications/dataset/marriage/data/UNPD_WMD_2008_DIVORCES.xls#DIVORCES!A3:A3 Divorce statistics by country/region (per 1,000 population / year) Metrics / statistics Crude divorce rate This is divorces per 1,000 population per year. For example, if a city has 10,000 people living in it, and 30 couples divorce in one year, then the crude divorce rate for that year is 3 divorces per 1,000 residents. \text = \frac \times 1000 The crude divorce rate can give a general overview of marriage Marriage, also called matrimony or wedlock, is a culturally and often legally recognized union between people called spouses. It establishes rights and obligations between them, as well as between them and their children, and between ... in an area, but it does not take people who can ...
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Death Rate
Mortality rate, or death rate, is a measure of the number of deaths (in general, or due to a specific cause) in a particular population, scaled to the size of that population, per unit of time. Mortality rate is typically expressed in units of deaths per 1,000 individuals per year; thus, a mortality rate of 9.5 (out of 1,000) in a population of 1,000 would mean 9.5 deaths per year in that entire population, or 0.95% out of the total. It is distinct from "morbidity", which is either the prevalence or incidence of a disease, and also from the incidence rate (the number of newly appearing cases of the disease per unit of time). An important specific mortality rate measure is the crude death rate, which looks at mortality from all causes in a given time interval for a given population. , for instance, the CIA estimates that the crude death rate globally will be 7.7 deaths per 1,000 people in a population per year. In a generic form, mortality rates can be seen as calculated using ( ...
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Emigration
Emigration is the act of leaving a resident country or place of residence with the intent to settle elsewhere (to permanently leave a country). Conversely, immigration describes the movement of people into one country from another (to permanently move to a country). A migrant ''emigrates'' from their old country, and ''immigrates'' to their new country. Thus, both emigration and immigration describe migration, but from different countries' perspectives. Demographers examine push and pull factors for people to be pushed out of one place and attracted to another. There can be a desire to escape negative circumstances such as shortages of land or jobs, or unfair treatment. People can be pulled to the opportunities available elsewhere. Fleeing from oppressive conditions, being a refugee and seeking asylum to get refugee status in a foreign country, may lead to permanent emigration. Forced displacement refers to groups that are forced to abandon their native country, such as ...
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Immigration
Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and other short-term stays in a destination country do not fall under the definition of immigration or migration; seasonal labour immigration is sometimes included, however. As for economic effects, research suggests that migration is beneficial both to the receiving and sending countries. Research, with few exceptions, finds that immigration on average has positive economic effects on the native population, but is mixed as to whether low-skilled immigration adversely affects low-skilled natives. Studies show that the elimination of barriers to migration would have profound effects on world GDP, with estimates of gains ranging between 67 and 147 percent for the scenarios in which 37 to 53 percent of the developing countries' workers migrat ...
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Demographics
Demography () is the statistical study of populations, especially human beings. Demographic analysis examines and measures the dimensions and dynamics of populations; it can cover whole societies or groups defined by criteria such as education, nationality, religion, and ethnicity. Educational institutions usually treat demography as a field of sociology, though there are a number of independent demography departments. These methods have primarily been developed to study human populations, but are extended to a variety of areas where researchers want to know how populations of social actors can change across time through processes of birth, death, and migration. In the context of human biological populations, demographic analysis uses administrative records to develop an independent estimate of the population. Demographic analysis estimates are often considered a reliable standard for judging the accuracy of the census information gathered at any time. In the labo ...
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Complementary Good
In economics, a complementary good is a good whose appeal increases with the popularity of its complement. Technically, it displays a negative cross elasticity of demand and that demand for it increases when the price of another good decreases. If A is a complement to B, an increase in the price of A will result in a negative movement along the demand curve of A and cause the demand curve for B to shift inward; less of each good will be demanded. Conversely, a decrease in the price of A will result in a positive movement along the demand curve of A and cause the demand curve of B to shift outward; more of each good will be demanded. This is in contrast to a substitute good, whose demand decreases when its substitute's price decreases. When two goods are complements, they experience ''joint demand'' - the demand of one good is linked to the demand for another good. Therefore, if a higher quantity is demanded of one good, a higher quantity will also be demanded of the other, an ...
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Substitute Good
In microeconomics, two goods are substitutes if the products could be used for the same purpose by the consumers. That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the consumer to desire less of the other good. Contrary to complementary goods and independent goods, substitute goods may replace each other in use due to changing economic conditions. An example of substitute goods is Coca-Cola and Pepsi; the interchangeable aspect of these goods is due to the similarity of the purpose they serve, i.e fulfilling customers' desire for a soft drink. These types of substitutes can be referred to as close substitutes. Definition Economic theory describes two goods as being close substitutes if three conditions hold: # products have the same or similar performance characteristics # products have the same or similar occasion for use and # products are sold in the same geographic area Performance characteristics describe what the pr ...
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Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from ...
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Demographic
Demography () is the statistical study of populations, especially human beings. Demographic analysis examines and measures the dimensions and dynamics of populations; it can cover whole societies or groups defined by criteria such as education, nationality, religion, and ethnicity. Educational institutions usually treat demography as a field of sociology, though there are a number of independent demography departments. These methods have primarily been developed to study human populations, but are extended to a variety of areas where researchers want to know how populations of social actors can change across time through processes of birth, death, and migration. In the context of human biological populations, demographic analysis uses administrative records to develop an independent estimate of the population. Demographic analysis estimates are often considered a reliable standard for judging the accuracy of the census information gathered at any time. In the labor ...
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