Price Prediction Model of Demand and Supply in the Housing Market

Abstract

Over recent years, the imbalance between housing demand and supply, particularly in the highcost housing segment, led to the rapid increase in the house prices. This paper has applied the standard theory of consumer demand and supply supplemented using content analysis method to explain the trend of housing demand and supply of housing market in Malaysia. Sampling in the quantitative content analysis is carried out to achieve the objective. Property Market Status Report in the NAPIC website provide a series data for total housing demand and supply for any house type of terrace, detached, cluster and townhouse in the price range between RM50,000 to RM300,000. All data provided cover from the first quarter until the fourth quarter across the year 2006 to 2015 specifically in Peninsular Malaysia only. Each level of the house price has a different equilibrium price so that developers can use it as an indicator based on the housing type. This research will promote ways to achieve the sustainabiliy in construction output overall so that the scholars can improve the equilibrium price model proposed in order to make the Malaysian housing become an affordable.

Public vs private universities in Nigeria

“…The four laws of demand and supply (Kramer, 2019) stated that: "if demand increases and supply remains unchanged, then it leads to the higher equilibrium price and higher quantity", and "if demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity". Also, "if supply increases and demand remains unchanged, then it leads to lower equilibrium price and higher quantity", and "if supply decreases and demand remains unchanged, then it leads to higher equilibrium price and lower quantity" (Zainal, et al 2019;Mortazavi, Maleki & Yousefi, 2019;Fitch-Roy, Benson & Woodman, 2019). The application of these laws to both Nigerian public and private universities depends on the geographical distributions of students (Przhedetskaya & Borzenko, 2019) and the status of the students' sponsor (whether they are affluent or indigent sponsors).…”