Write an essay on the topic: "Are real estate prices predictable: Determinants of transaction prices and time on the market."
In preparing your essay, address the following questions:
1. What are the main characteristics of perfectly competitive markets? Do housing markets share these characteristics?
2. Explain the determinants of supply and demand of real estate properties. Are real estate prices predictable? What are typical causes of bubbles on real estate markets?
3. What are the factors determining how long a property stays on the market? Address general market conditions as well as microeconomics factors affecting buyers’ and sellers’ decisions.

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.