Market Research on Foreclosure Markets - Essay Example

Only on StudentShare

Extract of sample
Market Research on Foreclosure Markets

The number of annual foreclosure filings rose from 1.3 million in 2006 to 2.2 million in 2007, to 3.3 million in 2008, and to almost 4.0 million in 2009 (RealtyTrac).
In order to determine whether foreclosure will continue, it is first necessary to determine the causes of these higher foreclosure rates and then to determine whether those causes are continuing. Foreclosures occur because an individual with a mortgage cannot afford the mortgage any longer and because the individual will not recover the amount of the mortgage from the sale of the home. So it is necessary to figure out what might cause individuals to have difficulty affording a mortgage and for the house values to decline below mortgage values.
What might cause a decline in mortgage affordability would be closely related to all macroeconomic measures that affect income. So GDP and the unemployment rate will certainly affect incomes and thus home affordability, since less GDP means less economic activity, which in turn means declining profits and more unemployment. Obviously, lower profits and more unemployment translates into less money for people and thus more people unable to afford their mortgages. In fact there has been an extremely close correlation between unemployment rate and mortgage delinquency. ...
Download paper


The rate and the number of foreclosures increased during 2006, and have been trending upward ever since. According to the National Delinquency Survey, the rate of delinquency (percent of loans 30 or more days delinquent) for all loans was 9.64%, up from 9.24% in the second quarter of 2009…
Author : javontewilkinso

Related Essays

Market Structure Research Proposal
A detailed research plan has already been made so as to have blue print of what should and should not be done in the process of research. A detailed search for material has been made. Finally, I got all the material on the basis of which the paper is completed. Secondary data alone is used in the studies which are collected from electronic sources. The data collected are analyzed on the basis of required outcome of the research and only relevant data are written in the paper. No primary source such as market survey or product survey is made for the collection of data and analysis....
10 pages (2510 words) Research Proposal
market research and market evaluation
Kotler defines marketing research as "the systematic design, collection, analysis and reporting of data relevant to a specific marketing situation facing an organization" (Philip Kotler). It has a wide coverage which includes market potential and market share studies, assessments of customers' satisfaction and purchase behavior, studies of pricing, product, distribution and promotional activities (Philip Kotler)....
14 pages (3514 words) Other types
Market Segmentation and Target Markets
Through a combination of consumer information and sales data, Merle Norman tracks its best-selling products and markets directly to consumers....
2 pages (502 words) Essay
Market Research Bachelor Essay
Sampling plan decisions include sampling unit, sample size and sampling procedure. Lastly, the research instruments to be used can be questionnaires and mechanical instruments (Philip Kotler)....
6 pages (1506 words) Essay
design market research report
In his early projects he used recycled bottles. He has sought to instill his products with a magic and romance that usually transcend their functions. He makes computer generated floral drawings and also develops designs for mass production. He has a work collection of glassware for Dartington crystal and also develops new products e.g. eyewear (Jennifer 2006)....
4 pages (1004 words) Essay
Arizona Real Estate Market
The crash was caused by several factors which had not been foreseen. This paper discusses Arizona’s real estate market crash....
6 pages (1506 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!