Analysis of Housing Market Variables and Urban Economic Factors Influencing Property Values
Overview
This coursework assignment analyzes factors influencing housing prices through the lens of urban economics and real estate investment. The paper examines three additional variables affecting property values (infrastructure, educational institutions, and green space), explores how cities market themselves economically, and identifies essential amenities for student housing markets.
What this coursework covers
- Question 1: Selection and analysis of three variables affecting housing prices - infrastructure quality, proximity to educational institutions, and availability of green open space
- Question 2: Economic differentiation of major cities (Atlanta as 'Silicon Peach', Charlotte as 'Financial hub of the South', Houston as 'Global Energy & Medical Leader') and their housing market characteristics
- Question 3: Requirements and amenities for student housing including kitchen facilities, internet connectivity, flexible leasing options, security features, and recreational facilities
Preview
Student’s Name
Professor’s Name
Course
Date
WSJ-AI-Housing Prices
Question 1
The other three variables I would select include the infrastructure, institutions of learning, and green open space. A house in close proximity to basic infrastructure would normally fetch good prices. Good road networks, sufficient supply of water, and basic amenities such as internet connectivity and street lighting are important. Again, parents love when their kids attend good schools or colleges. It has a potential for capital growth and houses cost more in such areas. Another variable is the green open space. A green and open environment affects its desirability and will positively impact its financial value and is a factor for investors.
Question 2
Entera focuses on the economic activity of a city to analyze its market. Every city has its unique title that distinguishes it from another. Atlanta is described as the ‘Silicon Peach’ and the home to world’s busiest airports. In addition, it is the capital of media, tech industries, and logistics. Charlotte is touted as the ‘Financial hub of the South’. It remains one of the fastest growing cities in the United States, adding 1 million residents between 2004 and 2014 (Markets). Houston is ‘A Global Energy & Medical Leader’ and ranks fourth among the largest cities. The city reported its strongest housing market in 2016.
Question 3
Notably, a housing property for students should have basic amenities such as kitchen appliances, cable television, wireless internet, and good furnishings. In addition, the leasing method should be either by room or bed and not the entire house unit.