Which factors will be crucial to decide the price in the Housing market in United States for upcoming decade?
Real estate is considered as an asset that comprises the property and the land on which it is built. Because of this reason, housing is considered as a significant wealthy status in all around the world. The similarity lies in the variability of price of the land and material of building as well as other factors. Which is highly dependent on supply and demand. With more demand, prices tend to rise; with more supply, they tend to fall. This is as simple as we can see without deep diving. Now Let us deep dive in this problem and reach to the conclusion with some methodical approach. Let us try the MECE framework. What is MECE Framework? MECE is the framework we use when need to break down the problem into the options by sorting them.MECE is consisting of two categories overlapping: (1) Mutually Exclusive : Items can only fit into one category at a time (2) Collectively Exhaustive : All items can fit into one of the categories. After applying the MECE ...