Pick a city where you have lived for several years. What are some market forces you can describe about that
city? Answer the following 9 questions in Canvas to complete Homework assignment #1. Be sure to identify
the city you are describing.
Economic
• 1 What has been happening to housing prices over the last 5 years? What are some causes for the trend in
housing prices?
2 What are some major employers in your city. Is the main employment government, education, industry,
retail, technology, education, medical. Is employment growing?
Government
3) How do property taxes benefit your city? Are the property taxes reasonable for the benefits?
4) Does your city encourage growth? If it is pro growth, what does the city do to encourage new residents.
Social
5) What is the population growth of your city over the last 10 years. What is the current population.
6) What is the typical age of the people in your city-young, middle age, old age? What age group is likely to
increase the most over the next 5 years? Will the population age likely cause housing prices to increase or
decrease?