Hello could you please help me with the following assignment. I have visited the realtor.com website to complete my assignment below to try and figure out how supply and demand affect the prices of homes, but I can't figure it out and I'm frustrated because I will be purchasing a home within the next year and know how valuable this information will be.
Here is what I need help: with based on the cities of Olympia Washington, Lacey Washington and Tumwater Washington:
ASSIGNMENT:
In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concord MA; and Seattle, WA. Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes and be sure to show your work.
Please show the work (Charts, graphs, data etc.) so that I understand how you figured it out.
The Objective is to:
- Identify current trends in macro and microeconomics
- Make use of the supply and demand to analyze business activities to formulate business plans.
NOTE: If you have to use three of the cities listed within the assignment that's fine.