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Running Head: POPULATION ANALYTICS
This paper focuses on the analysis of the population characteristics that will bind the
demographic engagement as well as economic development of the state of Texas. The study
of the comparison and contrasting of this development is measured with the development and
growth of New York State. Therefore, New York is used as a test statistic in this business
project plan. In line with this argument, real estate business is the best business condition that
can be used to configure the issue considerations of a successful business session. Ensuring a
successful marketing and pricing strategy can be difficult. In real estate business, spatial
analysis of the location and economic status enhances the development proper analysis
procedure for improved marketing. In addition, full range of services to facilitate the
purchasing and selling of real estate may include things like; home search database, mortgage
consulting and loan pre-approval, appraising, titles transfer as well as obtaining a
comparative market analysis for potential sellers.
However, in real estate business there can be gain or loss of income, but it all depends
on how the business prices the company’s property as well as its marketing. Thus, marketing
and pricing plays an important role when it comes to real estate business. On the other hand,
if the business finds good ways of marketing its business’s products and making sure that it
has favoured the potential customer, then it is likely to prosper in this field of real estate
business. Marketing and pricing plays a crucial business issue to be addressed in this report.
Common demographic characteristics that are considered include Literacy rate, Economic
Status, Illiteracy rate, dependency ratio, Gross Domestic Product and sex ratio analysis for
both Texas and New York.
Keywords: [Sex ratio, Literacy rate, economic status, dependency ratio, GDP]
Real Estate Business in Texas
The most critical consideration in the development of Real Estate business analysis is
the population characteristics (Noe et al., 2016). To be able to solve the issue of housing and
mortgage development in economic growth, there are different factors to consider. It includes
the financial status of the population in the business location area. It is developed based on
the demographic statistic that is obtained from the US Department of Economic Research.
The combination of the different kinds of houses in Texas and the New York help in
determining the average pricing mode depending on the economic level and status of the
respective resident population.
Secondly, a real estate business has the highest percentage of growing since there is
an increase in Te...