Explain housing market and justify the stage it is currently in by applying theory and empirical data to support your argumentation.

Explain how the financial markets and their participants assisted in developing the housing bubble.

Summarise and justify the factors that will cause the Housing bubble to move to the next stage. Outline the current position the market is in. Where it will move to next and when? Outline the factors that will nudge the bubble forward or to deflate – and justify the claim you are making. In justifying your position, there is some crystal ball gazing into the future here, but you may wish to indicate a graph perhaps with 2 or 3 projections based on different factors if you are uncertain on which way things may evolve in the time ahead.