California's Diversity

Question 1

Mediterranean climate

Answer 1

General sun with warmth and rain mainly in the winter

Question 2

Costal climate

Answer 2

Mild temperature, minor annual variation

Question 3

Desert climate

Answer 3

High summer temperature, extremely low humidity

Question 4

Valley climate

Answer 4

Summer: high temperatures low humidity
winter: low temperature and high humidity

Question 5

Foothill climate

Answer 5

Similar to the valley region but with more rain and less fog

Question 6

Mountain climate

Answer 6

Only area with heavy snow in the winter

Question 7

Megalopolis

Answer 7

A large densely populated metropolitan area consisting of anumber of major urban areas and smaller surrounding cities

Question 8

Roles that real estate plays in economy

Answer 8

Creating networth, increasing income flow, creating new jobs, and helping control inflation

Question 9

Appreciation

Answer 9

Increase in market value of real estate

Question 10

Inflation

Answer 10

Increase inthe general price level of goods and services

Decrease in purchasing power of the dollar

Question 11

Affordability Index

Answer 11

Shows how many house holds will be able to afford a median- priced home in California

Question 12

Lower affordability index

Answer 12

Fewer households will be able to buy a home

Question 13

Higher affordability index

Answer 13

Here households can purchase a home

Question 14

High interest

Answer 14

How loan amount

Question 15

Low interest

Answer 15

Higher loan amount

Question 16

Median home price

Answer 16

The price that is middle value a of sample of sales