Consumer behaviour of housing

Tastes and preferences are typically inferred from observingoutcomes of consumer actions.
However, the study of real estate can, and in some waysalready does, benefit from inclusion of consumer behavior concepts.
Incorporation of theseconcepts into real estate education would help explain and predict the behavior of realestate decision-makers.

In assessing the impact of housing on consumption in the current situation, there is some basis to by the data on the holding distribution of the assets.
In particular, recent home price appreciation appears to have been concentrated in high-value homes in high-income areas.
We illustrate this in Chart 7, which .

precede and follow these behaviors (Engel, Blackwell and Miniard, 1995).
Consumerbehavior examines not only consumers’ actions, but also the reasons for thosebehaviors.
On a macro level, marketers are interested in demographic shifts as wellas society’s values, beliefs and practices that affect how consumers interact with themarketplace.

(1) The direct mechanical relationship between transactions. (2) The “wealth effect” from capital gains on housing. (3) The role of greater home equity recent household spending behavior. outside of the sector.
First, the amount of consumer spending more or less mechanically tied to housing transactions is fairly limited.