Real Estate Economics 125 Writing Assignment Part I "How's the real estate market?" At a supermarket, you meet someone you know, and he or she asks you, "What do you do?" You answer, "I'm a real estate broker." He or she then asks you, "How's the real estate market?" Almost 99% of the time, as soon as we tell people we are real estate agents, they ask us the question: how's the real estate market? It's because everyone has real estate needs, and most of them are not knowledgeable in this field. They probably mean the residential housing market. As real estate economists, we would want to be ready to give a thorough answer to anyone who asks us about the market. We want to show them that we are knowledgeable and possess current information. Task. Research online and write an essay answering the question: "How's the real estate market?" If you are not sure what to write on, here are some ideas: Government's role, DRE, HUD, etc Economic indicators Business cycle v. real estate cycle Money/credit/FED Supply and demand, real estate development, construction rate Imperfect market P.E.P.S.I. forces, always changing value GDP and other data from the BEA, US