In search of an article on supply, demand, and pricing of real estate, it was interesting and educational to come across an article that read; the national median selling price for real estate increased in July while volumes fell, according to data from the Real Estate Institute of California (REIC) (Clark, 2004). The determination of prices in local housing markets is a classic example of microeconomics. <Tab/>As a new home owner, …showed first 75 words of 688 total…

…showed last 75 words of 688 total…political forces, and social forces are also factors in real estate in real estate. Reference: Clark, J.K. (2004). Real Estate Prices. The National Business Review <Tab/>Retrieved August 15, 2004 from the World Wide Web: <Tab/>http://www.businesstoday/print.asp?id=9859&id=4&cname=business+today Matter, B., (2004). Macroeconomics Economics for Business I. <Tab/>(5th ed.). New York: McGraw Hill publishing.