What are the top four factors of demand that effect demand for real estate?

Overview
Before the COVID 19 virus went worldwide, Price Waterhouse and Cooper in their recent white paper titled Real Estate 2020 Building the Future have stated that the philosophy of ‘build it and they will come’ will not prove to be universally successful. Some cities will grow, become creative hubs and generators of economic growth. Other cities will not be as fortunate. Around the world the density of main cities will drive people away, to rural environments or satellite cities. The same results can be found within our country. The question at the heart of this Discussion, is Real Estate a mature market?
The student will post one thread of at least 1,000 words . For each thread, students must support their assertions with at least 4 scholarly citations in the current APA format.
Discussion has four Research Questions (RQs). For each RQ you must provide these three separate components: theory>research>analysis.
The thread must be at least 1,000 words and each RQ must be supported by at least one scholarly citation in the current APA format.
RQ1 What circumstances/realities associated with real estate make it an “imperfect” market?
RQ2 What are the top four factors of demand that effect demand for real estate?
RQ3 What is a product life cycle and how is it related to the real estate market?
RQ4 Is real estate a mature market?

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