This is the structure of the essay, I need part 3.
Part 3 Housing 4 pages. Your explanation must be supported by necessary graph(s) in each case. Some of the key areas you will want to look into in this part might include the relationship between: -growth rate in real private residential fixed investment from the past 7 years, look for trends like recessions, boom etc and what is the economic rationale behind it?
-permits and real private residential fixed investment trends -unemployment rate and real private residential fixed investment. What is their relationship (if any?) -mortgage rates and demand for housing.
Do people really buy more houses when mortgage rates are low? How does COVID_19 affect mortgage rates and Demand for housing? -linear trend between housing price and income growth, look at the relationship for the past 5 years. Is the housing market for the past 4 years a buyer’s market or seller’s market? Explain in detail.