StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

News Article Analysis - Essay Example

Cite this document
Summary
Carmiel, O. (2013). Manhattan new condos raise prices monthly as demand soars. Bloomberg. Retrieved October 29, 2013, from http://www.bloomberg.com/news/2013-02-12/manhattan-new-condos-raise-prices-monthly-as-demand-soars.html ARTICLE SUMMARY The developers of the Manhattan are lifting up the prices on their under construction units as the glimpse of credit crunch is revival has started to take place…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
News Article Analysis
Read Text Preview

Extract of sample "News Article Analysis"

Download file to see previous pages

According to Miller, the higher pricing trend is fairly pinpointing the lack of competition in the market. The limited supply from few and rising demand from many locals and international investors is creating lack of competition here. Some suppliers are enjoying the high profits by selling the condominiums in high prices and are intended to cover losses made due to the recession. This concept is derived form the theory of demand-pull price hike. Since the market was showing intensified demand for the condos, the towers also being transformed into condos.

It is also creating hype among the potential buyers as constantly rising prices are creating urgency to conduct a deal. This strategy resulted in sales increase according to the letter to attorney journal from the condos developer on Oct. 24, 2012. The market concept tells that less supply and more demand increases the prices in the market and so alike pre-crises market the sellers charging premium prices from customers. Throughout the articles it is reflected that every real state seller especially in the condos is charging high prices taking advantage of the lack of competition in the market.

The scarcity of supply shaped some sort of oligopolistic competition in the Manhattan market. . The shortage of supply in the market is resulted due to recession because of which the construction was brought at halt.. The recession in the US economy affected all the business sectors throughout the country. Every state of US faced a recession’s impact. The system’s problem originated when the lending capacity of banks became weaker because of the bankruptcies of huge multinationals and more specifically banks.

The bankruptcy of huge firms and investment house Lehman Brothers played the role of nail in the coffin and was the actual reason for bringing the recession in the US economy.. The mortgage lenders analyzed the situation and stopped making more investments on real state industry. Also, the investors of real state industry delayed their plans of investment because of the decreasing demand. The real state investors in Manhattan moved with trend and decreased their investments in the real sate sector of the state.

Those projects that were under construction at the time of recession were the only supply for near future. Also, real real-estate constructors bought the drowning investors’ unit at bucks in recession. Hence, when the economy started getting recover after the phase of recession there were only few suppliers of newly constructed condominiums were competing in the market. Also, for the period of next two years they were the only suppliers in the market. The recovery led the people of Manhattan to bring back their investments in purchasing condominiums which increased demand.

Real estate companies increased prices because of lack of competition or the unavailability of demanded supply. The prices were charged higher with a margin of good percentage and due

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“News Article Analysis Essay Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1488856-news-article-analysis
(News Article Analysis Essay Example | Topics and Well Written Essays - 750 Words - 1)
https://studentshare.org/macro-microeconomics/1488856-news-article-analysis.
“News Article Analysis Essay Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.org/macro-microeconomics/1488856-news-article-analysis.
  • Cited: 0 times

CHECK THESE SAMPLES OF News Article Analysis

Analysis of The Media Reaction

It gives a significant analysis that though out the fact that though there are more colored actors than ever before they are not getting more work as there are no stories depicting representing their culture.... hellip;  This media reaction paper is based on the news article which appeared in “Lake County news-Sun”, titled “Whether or not 'Girlfriends' gets a ninth season, Mara Brock Akil has a game plan” by Janice Rhoshalle Littlejohn on 12-11-2007....
2 Pages (500 words) Article

Jobless Claims Fell in Latest Week by Meena Thiruvengadam

In the paper “Jobless Claims Fell in Latest Week by Meena Thiruvengadam” the author discusses the article about good news for the economy of the United States which is striving hard across the times of economic recession which has been referred by the International Monetary Fund.... The news is worth economic importance as it had overwhelmed the expectations of the economic predictions as the Dow Jones Newswire predicted the count to go down by 7000 numbers....
2 Pages (500 words) Article

Analysis of Haiti Devastated by Massive Earthquake Article by BBC News

The paper "analysis of Haiti Devastated by Massive Earthquake Article by BBC News" highlights that millions of people were affected.... The article on BBC news is about Haiti that suffered from a massive earthquake of magnitude 7.... Many nations provided their aid....
1 Pages (250 words) Article

Analysis of Satirical News

analysis of Satirical News Today's news is often packed with news of wars, disasters, political bickering, terrorism, crimes and economic and financial problems such as inflation and unemployment.... This article analyses satirical news such as the “The Daily Show”, “The Colbert Report” or “The Onion” may not be one's traditional news but it certainly evokes a deeper meaning beyond what is hilarious and unbelievable....
1 Pages (250 words) Article

Summary/Analysis/Synthesis

In this regard, the author employs a bias by describing the policy as “good news” and limiting this benefit to those who received honorable discharges from the service.... The articles are a brief discussion on the proposed US government $1 billion spending under the Veteran Jobs Corps (VJC) dubbed ‘rebuilding America'....
3 Pages (750 words) Article

Maine's NovaHealth, Aetna partnership Lowers Cost by Stephanie Bouchard

The two organizations had to adopt an electronic health record in order to facilitate data sharing and analysis.... The article is from Healthcare Finance news and talks about the benefits gained from the partnership between Maine's Nova Health and Aetna.... The paper "Maine's NovaHealth, Aetna partnership Lowers Cost by Stephanie Bouchard" highlights that the article highlights several achievements from this program....
1 Pages (250 words) Article

Respect your elders

Statistically speaking,… nd through the utilization of case study examples, Stein and Devaney show that small businesses still reap the rewards of higher levels of consumer responsiveness to direct mailing strategies, television and other print advertisements as promotional tools. The article asserts Article analysis: “Respect your Elders” BY YOU HERE EXECUTIVE SUMMARY In the article, “Respect your Elders” by Tom Stein and Tim Devaney, the authors attempt to illustrate that traditional marketing efforts are still highly relevant for achieving marketing success over that of modern methods such as using social media....
2 Pages (500 words) Article

Morocco Local Press and International Media

The issue has been covered differently at both ends, and this is the reason why the articles and the issue have been selected for this analysis (MoroccoWorldNews) (Hamilos).... Morocco World news and 2) from an international news agency, i.... according to the Morocco World news, the video has openly claimed an act of terror and is against the interest and security of the country.... On the contrary, the international news agencies and media are portraying the arrest of the journalist as an attack on the freedom of speech, and that the journalist should be released (however, the journalist is currently on bail)....
6 Pages (1500 words) Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us