Real estate pricing

Critical numeracy is the ability to think discernibly about the way mathematical concepts are being used in everyday contexts, such as the media (reference).The ability is particularly relevant in the light of media claims about sensitive social issues and in the light of advertisements that make claims for products on the market. As teachers, we want to cultivate critical minds that analyse and understand how the media can manipulate their view on almost every topic, since we cannot make sense of the world without guidance. To aid in meeting the standards of critical numeracy for education, Professor Jane Watson engineered a tiered framework for analysing. The first article I am going to describe is Melbourne tenants hit with record rent as house median jumps to $410 a week from The Melbourne Age. The article describes the rise in rent prices of inner-city Melbourne homes, and states that rent may now cost an extra $50 compared to a year ago (Zhou, 2017). The mathematical term used in the article is median. Median is the middle value in a set of data in numerical order. The median house price is the midway point of all the houses/units sold at market price over a set period. The reason the median price is utilised rather than the mean is mainly that it is a more accurate indicator of the market, as it reflects the sample size being investigated. An example would be, if test scores out of 30 were 17, 22, 18, 29, 30, 19, 10, and 13, the median score would be 18, since it…

Contents Introduction 2 Literature Review 3 Discussion 5 Introduction Real property is defined as the benefits, rights, interests and encumbrances that are inherent in the ownership of a physically present real estate. Real estate is taken to be the land along with all the improvements that maybe permanently affixed to that land. Real estate valuation is hence a means of providing quantitative measure of all the liabilities and benefits associated with ownership of the real estate.…

sellers during a real estate transaction. The commission is decided upon by services to be rendered and depending upon the amount of work and market conditions. If you choose to employ both a listing and selling broker this commission is roughly split between the two parties. If you choose to buy or sell a home and employ a real estate agent, an important factor to consider is the real estate agent's fees and commission. It is essential people understand not only how much each agent charges,…

graph presents that from 2009, United Kingdom house prices have gone up rapidly. The UK median house price had reached its peak point in July 2016 by reaching £217,000 and this was the highest price since January 2005. As well as, the cost increased by £17,000 more than July 2005 (Lewis, 2016). The main issue is United Kingdom does not have enough houses to encounter the demand of its population, which is increasing year after year, this is one of the reasons behind increasing in house prices.…

These days’ tiny houses have been looked at these small spaced places that people live due to financial limitations (also described as small prisons). Whereas Tiny houses originally were introduced as these luxurious places that people would live in because they could spend their money on pleasures and live a "luxurious" lifestyle; rather than a small place with limited space. In addition to that, people who live in a micro-houses have a “larger life outside with a lighter conscience” (Wilkinson…

Sir Isaac Newton could not have said it any better; “What goes up, must come down”. These are savvy words to live by, and ring particularly true for the real estate market. A real estate crash surely does not happen overnight. So why is it that when the housing market crumbled about a decade ago it took everyone by surprise? Many factors contributed to this phenomenon, but blame is shared between the financial institutions that lended money carelessly, and with little scrutiny when providing…

Bassma Real Estate seeks to represent only individuals and couples buying their first home, although others will not be turned away. Basma Real Estate will help potential customers by holding careful and thoughtful sessions with clients to answer all of their questions, as well as general information sessions and seminars for prospective clients. Bassma Real Estate will also publish a "how to buy your first home" guide on their website with the best information from the web along with their own…

to understand how important it is to hire a real estate agent. Also, marketing your home, doing paper work and understanding the legal procedures are equally important. This article will give you an insight to the property selling process and the typical real estate transaction. Step 1: Local market can affect your home sale: In the real-estate market, the condition of the market is always closely monitored.…

"brick-and-mortar" retail store. Which of these factors do you believe is most important? Why? Five key factors in choosing location include zoning, ease of access, real estate costs, proximity to bigger supply chain store and the level of competition. Of course, demographics play a part as well. You don’t want to open a store that may be in the bad part of town. Zoning has requirements for both city and county. You need to figure out which one you are considered to be in. You also have…

There are five major corporate real estate firms in the immediate DC industry; JLL, Cushman & Wakefield, Newmark, Savills Studley and Cresa (“At a Glance”). There are not many large firms because companies need substantial resources to be a player in the market. Additionally, clients chose the cheapest option that provides the most benefits. Since all of the companies are competing for their business, the oligopoly market creates an extremely competitive environment. The firms all charge the…