Real estate revolves around people, and people can be complex and volatile. A real estate developer understands not only construction, business, and the general economy, but people in general. This is because people are a developers buyer. Therefore, developers are constantly monitoring market conditions, trends and the economy from a local, state and national perspective. These comparative market analyses help the developer determine the type, size and the location of a project. Furthermore, the analysis helps the developer forecast the real estate market, an invaluable skill to have due to the lengthy time it will take to construct a project. For this assignment, I want you to choose an area in the United States. Using your research skills, I want you determine the market for the area in which you pick. Show the positive and negative factors of the area, as well as demographics, statistics and the economic outlook for the area. Lastly, determine the housing market and predict what the market will be in the next year. Use the principles and factors discussed in class, as well as your textbook. Charts and figures are encouraged, and do not apply to the page count
