Unit 15 - 1 State - Market and Analyses Flashcards
1
Q
Unit 15
Situs
A
prospective buyers’ preference for certain area
2
Q
Unit 15
Variables that influence supply (4)
AVAILABILITY OF…
A
- skilled labor
- construction loans and financing
- land
- materials
3
Q
Unit 15
Variables that influence demand (5)
A
- price of real estate
- population numbers and household composition
- income of consumers
- availability of mortgage credit
- consumer taste or preferences
4
Q
Unit 15
buyers market vs sellers market
A
buyers market = more houses for sale than buyers
sellers market = more buyers than house for sell
