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Terms in this set (11)
Real estate investment can be considered to be
A relatively long term investment
Karen has always wanted a home near the ocean. She recently received an inheritance that would help her purchase the house she's always wanted down the street. This is an example of
A builder is looking to develop an area of several acres. Concrete in the area is hard to get due to a large complex being built down the street. He is being affected by
Demand may be influenced by
The ability of a buyer to get a loan
Key indicators of a change in the market could be
A change in the sales volune
A seller's market occurs when
Not enough inventory is available for buyers
The MOST important understanding of the vacancy rate is:
To indicate how much movement there is in the market
Which of the following is NOT a demand factor
Availability of skilled workers
The principle of property being non-homogeneous means:
No two properties are the same.
A large factory closed in the area. Many workers lost their jobs as a result. They will probably result in:
A buyer's market
Government interference influences the real estate market. Which is NOT government interferences?
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