The Housing Market of the US - Essay Example

Housing Prices Introduction The housing market in the US has seen a lot of ups and downs in recent years. It hit a very low point during September as the government tax credit for home buyers wound down. The main troubling factor faced by the housing market is the reduction in the sales volume of houses. Looking at the relationship between mortgage interest rates, home price and the income of buyers there could never be a better scenario for selling houses. Sales mainly happened in early 2010 when the buyers increased their purchases to qualify for tax credits from the government.

There could be seen different changes in the prices of homes throughout the country and condos were hit the lowest comparing to single-family homes.EvaluationThe article gives here an insight into the housing market condition during the year 2010. The article is very precise and gives a very brief idea about the housing market. The article takes the readers straight away into the market scenario and does not give much introduction about the topic. It would be very efficient to commence the article with a description bit more about the subject in order to attract the readers and create an impact in the minds of the reader.

Every article needs an introduction as it is the point where the readers get involved in the reading and continue to remain with the article. The readers must be given more information about the reason for the fall in the prices of houses. Little more details about the market scenario and the buyer’s behavior could have added some depth to the article. The good part of the writing was that the author has given more statistical details which are very beneficial on an economic basis. But if the readers are common men they would look in for a more simple explanation about the subject.

Another shortcoming of the writing is that there is no conclusion to the article. It ends nowhere and this gives a very poor outlook to the article. Recommendation the first thing to be done to the article if it is to be given a makeover is to write a good introduction. The introduction can be about the housing market and the situation it was in during the previous years. The writing should be a proper one with an introduction a small body and a conclusion, only then the article can be regarded as complete.

The purpose of the article is to give information to the reader about the topic and only a whole article can fulfill this purpose. The body of the article needs to be about the housing sector sales activity and also about the buyers spending behavior. The home income level of the people can also be explained a bit. There can be seen more statistics details in the article which is only good knowledge for economists. A good conclusion should also be added to the article to give a complete look to it.