Items tagged with real estate:
News & Updates:
In 2015, six companies dominated the seed and agricultural chemical markets: BASF and Bayer from Germany, Dow Chemical, Dupont and Monsanto from the United States, and Syngenta from Switzerland. Their combined pest control and seed business generated over 60 billion dollars in revenue. 
Professor Joseph Gyourko’s research from 2003 on land zoning and land use was used in the L.A. Times to explain the housing crisis in San Diego.
“[Gyourko] reasoned that in a competitive market with low barriers to new supply, the price of a new house should be very close to the marginal, physical cost of construction, with older houses costing less than an industry index of construction costs (materials and labor).”
Real Estate Professor and Faculty Affiliate Susan Wachter speaks with NBC Philadelphia about the current hot housing situation.
“The impact of the lack of supply of owner housing means that millennials go to where they can go which is the rental market, and they drive up rents.”
Professor Susan Wachter comments for NBC Philadelphia on how housing has become increasingly out of reach for Millennials.
“If you have a $50,000 income, you’re going to be able to afford a $200,000 house no problem, but that $200,000 house you could get in 2000, is maybe $300,000 today.”
There is increasing murmurs that the Federal Reserve and ECB may be prolonging their easing policies too long and may be creating excesses in the economy. Oil prices also jumped on news that U.S. inventories decreased by almost 5%. Further, housing is rebounding following three months of decline.