Hosing Market Survey

Problem Statement

For many years many American people have debated that the economy is why the housing market collapsed. The initial perception of how the housing market collapsed and conjunction with the economy collapsed seem to support many individuals theory that the economy caused the housing meltdown. If we continue to believe that the economy is the main cause of the housing market collapse, we will never understand what the larger question as to why the housing market collapse and why it has not fully recovered four years later.

Our belief that the housing market collapse actually was one of the main reasons the economy collapsed. With many of the big banks approving individual bad loans that they know these individuals will never be able to truly afford the in the first place, and people looking toward future income capabilities instead of looking at their current finance capabilities to determine if they can afford the home they are purchasing.

Survey Analysis

The housing market was not caused by the economy collapsing, but the housing market is one of the core issues behind the economy collapsing some many years ago. Many bank approved home loans for individuals that otherwise would not have been approved for a home loan. Many individuals purchase homes that could not afford, but counted on future income to purchase their homes. The survey we have created will provide data to help us understands why the housing market failed and help us look for ways to avoid this problem in the future.

We have developed several survey questions that will provide us vital feedback regarding the individual who were affected by the housing collapse. These series of question will help us categorize the individuals into groups of first time buyers and individuals who were either upgrading to a new home or refinancing to take out some equity of their home. We also want to look at the salary levels of the individuals to get an idea the financial standing of...