Opinion on economic issue Essay Example | Topics and Well Written Essays - 500 words

survey on economic issue - Essay ExampleIn this context, in order to identify the likely causes of the rising rental inflation in the US, the study has relied on varied academic articles and business reports.In accordance with the viewpoint of Madigan, the average rent of the apartments had increased to 3.1% in the US commercialise during the finally category in comparison to the year 2012 (Madigan, Why raise Rents Havent Pumped Up swelling). On the other hand, Keely, Ark, Levanon, and Burbank, arguably claimed that the cost of housing property is decreasing in the US market in the recent days. In this regard, Keely, Ark, Levanon, and Burbank argued that the buying enquire of the housing property has been dramatically reduced during the last few years in the US. Contextually, several economists have believed that rising price of food and energy has influenced the demand of real-estate in a negative manner (1-49). On the other hand, Madigan claimed that rising prices of medica l services, education and communicating services have indirectly affected the demand of the real-estate in the US marketplace (Madigan, Why Rising Rents Havent Pumped Up Inflation). However, Keely, Ark, Levanon, and Burbank arguably claimed that the rental demand on the US market has dramatically increased in the last few years (1-49). In this regard, it can be asserted that financial crisis and high rate of interest as well as the owe issue has affected the demand of the household buyers. On the contrary, it has influenced the tendency of renting residential, which has caused high inflation in the national market place (Madigan, Why Rising Rents Havent Pumped Up Inflation Keely, Ark, Levanon, and Burbank 1-49). found on the above discussion, it has been recognized that the cost of real-estate property has reduced in the US market collect to high rate of interest. At the same time, it has been also recognized that 38.2% of the US population are associated with mortgage household property, which signify that the