When studying the dynamics of the housing market (that is, taking account of demand and supply as well as the evolution the stock of housing) it appears that the housing market:

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
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When studying the dynamics of the housing market (that is, taking account of
demand and supply as well as the evolution the stock of housing) it appears that the
housing market:
) Is unstable in the sense that following a transitory shock it will not return to
equilibrium
) That only the stock of housing is stable in the sense that following a transitory
shock it will return to equilibrium but not house prices
Is stable in the sense that following a transitory shock it will return to
equilibrium
That only the price of housing is stable in the sense that following a transitory
shock it will return to equilibrium but not house investment
Transcribed Image Text:When studying the dynamics of the housing market (that is, taking account of demand and supply as well as the evolution the stock of housing) it appears that the housing market: ) Is unstable in the sense that following a transitory shock it will not return to equilibrium ) That only the stock of housing is stable in the sense that following a transitory shock it will return to equilibrium but not house prices Is stable in the sense that following a transitory shock it will return to equilibrium That only the price of housing is stable in the sense that following a transitory shock it will return to equilibrium but not house investment
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