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The housing industry is one such that has enjoyed tremendous growth until recently, but factors such as supply, demand and pricing have forced shifts in the demand curve.
The housing market is guided by market force as controlled by economic indicators that works with the driving factor in society. The market forces in the housing industry ration by changing prices. There may be a shortage in the housing industry thus causing a rise in prices, and when a surplus home prices decline. The driving force in the rise and decline in prices in an economy is referred to a term called the invisible hand...
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