Arizona Real Estate Market Research Paper Example | Topics and Well Written Essays - 1500 words - 1

Arizona Real Estate Market - Research Paper Example The U.S. is still struggling to recover from this crisis to date. Despite the crash, Arizona is reported to have had one of the best recoveries from the crash throughout the U.S. This paper analyzes the causes of Arizona’s real estate market crash. It will also describe why Arizona is having one of the best recoveries of the real estate market in the U.S. The crash of Arizona’s real estate market was caused by a number of factors according to a study. Firstly, economists argue that the crash was caused by poor lending practices that the adopted by lenders just before the crash. In this regard, banks are reported to have lent a lot of money to mortgagers without taking into account their ability to repay the loans. As a result, when the economy of the country started declining, many mortgage owners began experiencing difficulties repaying the loans and the mortgage interests resulting in default. Consequently, since there were no enough homebuyers in the market, prices of homes in Arizona dropped to an all time low leading to the crash (Vannutini Par. 3). The crash was also caused by speculative buying rather than sheltering. A research conducted by the National association of Realtors found out that about 23 percent of homebuyers only do so for investment purposes while about 13 percent of those surveyed identified their buying for vacation, which in itself signifies speculation. A research indicated that a majority of homebuyers from Arizona real estate market bought their houses at low interest adjustable rates with the intention of keeping their costs as low as possible then sold them at higher prices for profit. With speculation, buyers kept off the market when prices are high and making purchases when prices are low. The more the speculation continued the more the market prices declined leading to crash of the market (DeGrace Par.5). Low interest rate is also cited as the leading cause of the Arizona real

Evaluate the impact of Larry Page on the field of Business Essay

Evaluate the impact of Larry Page on the field of Business - Essay Example This should be accompanied by the desire to grow the business to generate significant returns for all people involved (Gitman and McDaniel 2009, p. 5). Page has always championed a dual-class voting structure guided by a long-term focus in which the management team has control over the company’s destiny. Such a structure guarantees stability of the entity in the long-term by following the laid down innovative approach and awards the management significant control over the company’s decisions and fate (Scott 2008, p. 14). Larry Page and Sergey Brin can be regarded as possessing innovative, genius, and idealistic minds that made it possible for them to develop the world’s best search engine, Google. The search engine has heralded uncomplicated and efficient searching and generated a creative and game changing mode of advertising. The culture of the workplace that Page aided to develop over the years of the entity’s existence made it possible to develop fresh and innovative ideas. The two demonstrated that in creating value, one can be able to surpass competitions and structure better products that respond to user preferences. In its start up, Google changed the rule of the game based on what the other search engines used to operate. The core aim of Google is t organize the world’s information and make the company universally accessible and useful (Sloane 2007, p. 1). Google has grown to become the internet’s most popular search engine recording revenues that surpass $6 billion yearly, besides the company has entered into mainstream culture. The companys mantra, â€Å"do not be evil," detailing doing the best things for its users. Page demonstrates that it is essential to look to the future by targeting innovation as a tool for propelling collaboration, efficiency, and productivity. Page has also demonstrated the significance of establishing a strong vision in organizing the world’s information and rendering