Richmond Housing

In: Business and Management

Submitted By kristiem7
Words 435
Pages 2
Richmond Housing Prices The current housing prices in Richmond, Virginia are a result of many different factors. I was asked to analyze the current housing market in the Great Richmond population including the four locations; Richmond, Goochland, Chesterfield, and Henrio. The different variables that were a factor in the Richmond housing market were the location within the cities, the price of the home, the amount of bedrooms and bathrooms the house has, the square footage, and the real estate company used to sell the home. Most of these variables were quantitative variables, including, the price, the amount of bedrooms and bathrooms, and the square footage. There were also two categorical variables, the location and the real estate company used. Some of the possible population parameters of interest would be the Greater Richmond Area or People in the Great Richmond Area that have single-dwelling homes for sale. Some of the possible sample statistics that can be calculated from this data to analyze the current housing prices in Richmond would be; Which realtor company sells the most expensive homes?, How does the square footage affect the price of the home?, Which county has the most/least expensive homes?. The sampling frame for this sample is the Greater Richmond Area who qualify for the following; Have single dwelling properties for sale, whose properties are listed on the website, realestate.aol.com, and only properties that are located in Richmond, Goochland, Henrico, or Chesterfield. The type of sampling design used would be the Stratified Random Sampling and the appropriate strata for this type of sampling design would be the four locations in the Greater Richmond area; Richmond, Goochland, Henrico, and Chesterfield. There is no source of bias in this sample since the information they want to know is based on homes for sale in Richmond and they just…...

Similar Documents

Housing Supply and Housing Bubbles

...examine the nature of housing bubbles and how housing prices are affected by the elasticity of housing supply. They begin by citing from literature to show that price movements of assets, including markets, include an irrational exuberance element as well as their fundamental valuations; this leads to the difficulty in explaining the significant variations in housing prices between 1999 and 2005. As a result, instead of developing a test to detect the presence of a housing bubble, the authors propose to analyze the nature of this bubble; this is especially in light of the fact that housing supply and pricing influence construction activities as well as population immigration, thus impacting general welfare. They develop an endogenous model for asset bubbles by making it dependent on supply inelasticity – the model predicts that when a bubble bursts, houses that are constructed during the bubble witness their prices falling to lower than their pre-bubble values. Further, they also perform an empirical analysis of data on prices, construction activities and supply elasticity of houses during two boom-and-bust cycles (during the 1980s and post-1996); they also study the differences in pricing and supply levels during these cycles. It is observed that the premise of the paper is well established, and the proposed models clearly defined; the predictions from the models are identified properly in terms of stated elastic markets (Orlando and Phoenix), and a previous housing bust......

Words: 1001 - Pages: 5

Housing

...In my research over the housing market in my journey to buy my first home I have found some interesting things. There is a lot to be considered when buying a home, and it is not just how nice the house is. I have to consider ten things in this process of purchasing my home. I will showcase these by giving you an example of each step that I have found in some articles that I have read. There is two sets of principles and the marginal benefit that also has to be considered. The first principle is that most people face many trade offs. They trade what they have for either something better or something that is worse than their present living situation. This is something that most renters have to live with. The second principle is considering the cost of something and what you have to give up for what you are getting. This is very true for those who are first time home buyers. When you choose to buy from renting you have to look at the cost of your mortgage and what you will have to figure out what you are loosing to pay it. With your marginal benefits you in a way that will help you to make the right decisions in buying your home. You have to be able to decipher the marginal benefits from the marginal cost. Marginal cost is what you will pay over all for everything from the closing cost to the moving cost. You have to make them balance out with each other to have a successful move. The one thing that I have taken from the articles that I have read is that I am one who......

Words: 391 - Pages: 2

Housing

... unemployment insurance and tax credits, employment and labour programming, education, health and social housing, and social services. In practice, however, the presentation was mainly limited to those areas of social policy that were under review in Canada at that time: those related to employability programming, income security, and learning. In Canada in 1994, the federal department of Human Resources Development (HRDC) administered or contributed to the financing of most of the programs within the scope of the review that was then taking place. This included unemployment insurance, student loans, transfers to the provinces to share the cost of social assistance and postsecondary education, and a wide range of employment and social development programs. Programming was administered through a decentralized network of regional and local offices. HRDC also administered programs that provided pension benefits to seniors and a number of programs related to equity and to labour legislation in areas of federal jurisdiction. Federal tax policy also influenced social policy in a variety of direct and indirect ways. The child tax credit was a particularly important element. Options relating to it were included in the Discussion Paperii referred to below. Other federal departments had responsibilities for related programming in areas like health, public safety, and social housing. Statistics Canada produced information about most dimensions of the social system. The provincial and......

Words: 17843 - Pages: 72

Housing

...Application for Subsidized Housing in Ottawa For Office Use Only Date: Rec. by: The application must be completed in full and returned to: The Registry 2197 Riverside Dr., 5th Floor Ottawa, Ontario K1H 1A9 Phone: 613-526-2088 Version française disponible. 1. Eligibility Rules To be eligible for subsidized housing, you must meet all of the following conditions: • • • • • All members of the household must be a Canadian citizen, Landed Immigrant, Refugee or Refugee Claimant. No member of the household is currently under a deportation, departure or exclusion order to leave Canada. At least 1 person in your household must be 16 years of age and older. No member of the household owes money to any social housing provider. No member of the household has been convicted of an offence in relation to rent-geared-to-income assistance or found by a court of law or the Landlord and Tenant Board to have misrepresented their income for the purpose of rent-geared-to-income assistance. If you own a house or rent any other property, you must agree to sell it or terminate the lease within 180 days of being housed. You must be able to live independently, and make your own arrangements for support services. • • 2. Additional Information • • • • • • • • You must report any changes to this information directly to The Registry. You must update your application at least once per year with The Registry. Failing to provide updated information will result in the cancellation of your......

Words: 5133 - Pages: 21

Public Housing

...Public Housing in Urban Communities Abstract In this paper I will be discussing the many aspects of the public housing authorizes. Working for the Jersey City Housing Authority, I see first hand the many problems that are going on and also living in public housing I have seen the many ups and downs as well. For example, the budget cuts that are going on throughout the United States are causing more public housing to loose funding and are causing them to down size in staff and housing as well. Many of the public housing sites in the United States are privatizing because they don’t have the funding and staff to manage these sites that are considered to be severely distressed. What is public housing? According to the U.S Department of Housing and Urban Development (HUD): Public housing was established to provide decent and safe housing for eligible low-income families, the elderly, and persons with disabilities. Public housing comes in all size and types, from scattered single family houses to high rise apartments for elderly families. There are approximately 1.2 million households living in public housing unites, managed by some 3,300 HAs. However, over the past few years public housing has changed. For example, there are less funding for public housing and now a lot of the public housing sites all over the United States are being privatized. In 1980, many changes started to occur......

Words: 603 - Pages: 3

Housing in Mississippi

... Housing in West of Mississippi Name: Instructor: Course: Date: Housing in west of Mississippi Relocating to a new town comes with many challenges. Before relocating to a new city, you must consider many economic conditions before making any financial decision. Before choosing a preferred location for my new home, I have to look at my finances. I have to find an affordable house for me, the one having all the benefits I am looking for as well as fit into my budget. The strength of an economy will play a major role in my decision to rent a house. The current housing prices in the cities west of the Mississippi River are because of many different factors. I did my research in for cities west of the Mississippi River: North Dakota, Oklahoma, Lowa, Louisiana, and Virginia. The research was based on the prices for a 3-bedroom, 2-bath condo. The prices of these homes vary from city to city. In North Dakota, The house cost $135,000 payable for 15 years at an interest rate of 4.93%. In Oklahoma, Virginia, and Lowa, housing unit cost $150,000 that is payable for 15 years at an interest rate of 4.93%. Finally, in Louisiana, the same housing unit cost $100,000, that you can pay for 15 years at the same interest rate of 4.93%. After careful analysis, I decided to settle on Virginia due to the following reasons: the cost of living is cheap, there are great chopping areas, it has excellent road network, it has great parks to travel, the weather is excellent, and finally, it has a wide......

Words: 419 - Pages: 2

City of Richmond Water Meter

...City of Richmond Water Metering  Contract Renewal…..or not?? Should Neptune extend the contract? Pro’s  Spread the initial start up costs  Maintain a hold in the market.  Opportunity to build on existing  competencies.  Strengthen and enhance the  relationship with the City which  could lead to referrals  Avoid cost of shut down and  new  RFP.  Experience developing customer  relations would otherwise be lost.  Opportunity to pursue other  service support roles.  Opportunity to renegotiate some  conditions but not cost. Con’s  Lose Revenue and Contract  Generally low operating profit of $28  equivalent per volunteer (2007) from  the program.  Potential for profit to lower if  marketing and advertising costs  increase.  Incur cost from shutting down the  business. 2 Analysis of Neptune’s Initial 2005‐2007 Approach: INTERNAL  (micro environment ‐ 5 C’s) STRENGTHS: • Gaining competence and credibility in meter  installation and servicing • Strong Customer Relationship Record being  established • 20% of the target market already adopted the  new system • Development of a direct channel to the  customer  EXTERNAL   (macro environment ‐ PEST) MISSED OPPORTUNITIES • Capitalize on the awareness peaks in Feb/March.  • Endorsement and support from the  growing sustainability  movement. • Investigate new social technologies to 'spread the word' • No media aimed specifically at the ‘kids’ target market •......

Words: 1240 - Pages: 5

Housing Business

...Apartment • Apartment: a relatively self-contained housing unit in a building which is often rented out to one person or a family, or two or more people sharing a lease in a partnership, for their exclusive use. Sometimes called a flat or digs (slang). Some locales have legal definitions of what constitutes an apartment. In some locations, "apartment" denotes a building that was built specifically for such units, whereas "flat" denotes a unit in a building that had been originally built as a single-family house, but later on subdivided into some multi-unit house type.[5] • Apartment building, Block of flats: a multi-unit dwelling made up of several (generally four or more) apartments. Contrast this with the two-family house and the three-family dwelling. An apartment (in US English) or flat (in British English and often associated with or miscontrued as social housing) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building. Such a building may be called an apartment building, especially if it consists of many apartments for rent. Apartments may be owned by an owner/occupier or rented by tenants (two types of housing tenure). The term apartment is favored in North America, whereas the term flat is commonly, but not exclusively, used in the United Kingdom, Hong Kong and most Commonwealth countries. In Malaysian English, flat often denotes a housing block of lesser quality meant for lower-income groups, while......

Words: 12388 - Pages: 50

Housing Research

...ANDLEEB TITLE HOUSING FINANCE TABLE OF CONTENT ABSTRACT RELATED TO HOUSING INDUSTRY 3 INTRODUCTION 4 LITERATURE REVIEW 7 METHODOLOGY 11 VARIABLES DEPENDENT AND INDEPENDENT 13 DATA ANALYSIS 15 CONCLUSION 21 RECOMMENDATIONS 22 REFERENCES 22 ABSTRACT RELATED TO HOUSING INDUSTRY: PURPOSE: The purpose of this research paper is to examine analyzing and outlining the growth of the housing industry and its rights. The main purpose is to eliminate the problem related to the relevancy and application of housing complexities and its systems across the world. DESIGN OR METHODOLOGY: This paper is set out according to the principle instruments and the rights of development of housing regional and other related bodies. The analysis of the housing system is basically organized on the basis of housing system of development and channels and networks of legal and lawful means of professional concerns and their domains. FINDINGS: All across the world the rights for housing is being considered as a lawful and constitutional concerned nationally and internationally. The findings also suggest the significance of housing rights and the conceptual frame work of human rights effect the implementation. Professional epistemic community development of the housing shape the policies and procedures and laws. The paradiagm of housing foundation and rights are effectively translated into developed fashion of designing housing system. RESULTS:......

Words: 5980 - Pages: 24

Housing Challange

...Housing Challenges? Dhaka • Primate city. • 13 million people, (34% urban population) • Area 1,353 km2 ; density 18055 /sq km (National urban 3004/sq km) • 5th largest city by 2030 in world • 36 % population live below poverty line Housing sector performance  85 % of housing stock is informal.  housing deficiency is 40 thousand units/year 5 fold increase in price of land over last five years. Housing supply is dependent on market and State has little control over market monopoly Recent boom in the real estate business Present Scenario of Housing • 5000 slums accommodating 3.4 million • 60 % rental accommodation provided by informal sector • • Homeownership 20 %, Rental- 80% Govt’s contribution is 10 % • Centralised power of Capital development authority Housing provision for different Groups H o m e o w n e r s h i p Group High income and Upper middle income Middle income Lower middle income Low income Supply actors Real estate developers, privately developed, Capital development Authority ,NHA National Housing Authority (plot and Flat), Private rental Private land owners (private rental), NHA(?), Private rental (illegal occupation of Govt land and private property) Resettlement/rehabilitatio n camps, govt employee colonies, NGO, local authority approaches Apartment, serviced plots, Flats performance Capitalistic monopoly Highly targeted Plot, Flat Inadequate Flat Employee quarters, core houses Market supply Subject......

Words: 326 - Pages: 2

Housing

...http://referaty-seminarky.cz/housing-in-the-usa/ Housing in the USA Americans are a mobile nation. The average owner stays in a house only five years, before moving somewhere else. Due to low interest rates, the majority of families in the USA own their own homes. Usually these are separate houses with yards. Houses in US are still very inexpensive compared to Europe. There is a dark side to families moving so much, and such distances. Family ties are not nearly so strong in the US as in other countries. Some parents and grown children living on opposite coasts may only visit each other twice a year. LIVING IN THE CITY Groups of owned apartments in one building (called “condominiums“ or “condos“) are not so popular as in the rest of the world. Usually they only are common in downtown areas. They are popular with people who want to buy their own home but don’t want to maintain a yard or a garden. Condominiums often have a lot of communal amenities, such as laundry room, swimming pools and fitness rooms. Young people, especially when they are single, normally can’t afford to buy a house or a condo right away. They usually live in rented apartments. There are apartments in older buildings, especially in big cities, but there are also a lot of modern apartment complexes. These apartments are almost always furnished, usually very nicely. AMERICAN HOUSES Houses vary greatly, but the dominant style of the last 30 years has been the ranch-style house. Houses are usually......

Words: 2025 - Pages: 9

Housing

...Community Observation Research Liberty University Sociology 200 Instructor: Today, I am working at the Housing Authority. I am interviewing new applicants for low income housing. I observed several different homeless situations for individuals in need of housing. My first encounter was a homeless veteran. He needed housing because he was living in a tent behind a Walmart store. Second, a young mother of three was in need because her home was destroy by a fire. They were currently living from family member to family. Third, an elderly lady was in need of housing because her house was heir’s property and being sold. Next, a lady was losing her home to foreclosure and a social worker is looking for housing for a young lady living at a hotel. Lastly, a couple has can no longer pay rent because the husband was injured and can no longer work. I have been affected by this because I feel the need to help all of them in any way I can. My thoughts have begun to race with many ideas of ways to find a place for each of them. I know as a servant of God I want to explore all the options available to me. It says in 1 Corinthians 4:11, “To this very hour we go hungry and thirsty, we are in rags, we are brutally treated, we are homeless.” I feel a need to make sure these individuals are getting fair treatment and they will not be overlooked. I have a lot of sympathy for any homeless person. I can’t imagine being in that situation. I am a single parent with only one income and I could......

Words: 476 - Pages: 2

Housing the Homeless

...Marlou Melendez Psychology 66 Prof. Sheryl Eden 4 November 2014 Housing The Homeless Based on the US Department of Housing and Urban Development there are about 578,424 homeless people — half of them concentrated in just five states: California, New York, Florida, Texas, and Massachusetts, which accounts for 4 percent of the nation’s homeless. Since 2007, the number of homeless in the United States has declined 11 percent. Housing First is an approach that offers permanent, affordable housing as quickly as possible for individuals and families experiencing homelessness. And there were debates regarding this program, "Is Housing First the best approach to ending homelessness?" There are two different views concerning this issue. Nan Roman the President and CEO of National Alliance To End Homelessness, stated on her argument that Housing First (based on research) is the most effective and least costly way to end homelessness for a majority of people. Nan Roman also stated on her argument that this strategy can help people who experience homelessness to quickly obtain housing supported with rentals assistance and services. There were premises that Housing First is based: that homelessness is traumatic and damaging, and that all people benefit from the stability of a home. Based on Nan Roman's argument, The Centers for Disease control and Prevention found that housing is essential to good health and that children do better at school when they have permanent place to stay.......

Words: 824 - Pages: 4

Pollution in Richmond, California

...Pollution in Richmond, California. Pollution is the introduction of several chemical substances or energy to a natural environment witch exceeds the standard levels regulated by Countries. It can damage the ecosystem and living organisms. Some of the effects caused by pollution are respiratory disease, cardiovascular disease, throat inflammation, chest pain, congestion and even death. (Anonymous, 2011) Chevron refinery in Richmond, California, opened its door on 1902. The plant has over 1,300 employees, cover 2,900 acres (12 km2), operate 30 plants and can move 340,000 barrels of raw material a day. The company has had many problems regarding the safety of their stakeholders since they opened their doors. Environmental issue is one of the biggest concerns the company has. In the early 1980s, the Chevron USA petroleum refinery in Richmond, California, was creating serious toxicity threats in San Francisco Bay. The largest of six major bay-side refineries, Chevron discharged 35 percent of the chromium and more than half the nickel from all major point sources into the northern reach of the bay in 1986. In laboratory tests, Chevron’s full-strength effluent killed at least 12 species of aquatic life exposed to it. (Karras, 1989) Because of this problem the San Francisco Bay Regional Water Quality Control Board demanded that the company search ways to reduce or eliminate the pollution its refinery was creating. After discussing the situation the CBE and Chevron......

Words: 513 - Pages: 3

Richmond Investments Security Outline

...Richmond Investments Security Outline User Domain: * Establish an Acceptable Use Policy that clearly defines access rights * Educate and inform your employees of their responsibilities and duties that must be performed * Perform a thorough background investigation on new employees Workstation Domain: * Install current anti-virus protection software * Install the latest software, security patches and system configurations * Make sure logon ID’s and passwords are compliant with company policy LAN Domain: * Apply proper permissions to servers, directories and folders * Use unshielded twisted-pair or comparable wiring that complies with IEEE standards * Make sure switches and routers are properly placed and applied * Use current NIC cards and apply interface security * Use company access rights in management of physical components and wireless access points LAN to WAN: * Apply web content filter * Apply email content filter and quarantine system * Use IPS and IDS security systems * Apply the use of a proxy server and closing ports not in use * Encrypt files and packets when using TCP and UDP * Proper use of IP Stateful Firewalls * Use of SSH for secure encrypted transmission WAN Domain: * Proper router and security appliance management (24x7x365) * Apply dedicated internet access * Observe managed services for customer routers and firewalls * Apply IP Stateful Firewall *......

Words: 315 - Pages: 2

wackyjack | Series Animación x265 | 完结 剧情:《 一本好书 主演:王洛勇,潘虹,赵立新,王劲松 剧情:《 一本好书 主演:王洛勇,潘虹,赵立新,王劲松 剧情:《