Problem: Real Estate
o What happens to an individual's capacity to borrow as mortgage interest rates fluctuate?
o How do extremely low interest rates compare to rapidly rising rates and how do these impact home sales?
o What happens to home prices as interest rates fluctuate?
o What happens to DOM (Days on the Market) - or how long it takes to sell the average home - as rates go up and down?
o Review these questions and determine what the historic relationship between interest rates and home ownership is, and how the market is going currently.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.