42928575 Winston Shi-Chung Real estate

winston shi-chung

The following model depicts the effects of supply, demand and its price on the real estate market. This model will try to demonstrate how growth, supply and pricing correlate with each other.  All three have been represented by stocks where the inflow shows the increase amount while out flow shows the decrease amount. All three variables affect each other in certain ways.

For example if supply is higher than demand or if demand is not that high to begin with than the price will drop accordingly and vice versa. If there are less willing buyers than unwilling buyers then the demand will go down. The supply and demand relatable to each other.

According to the simulation if price is fairly low supply and demand will steadily increase however at a certain point it starts to sky rocket and supply and demand gradually declines.