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5 Cards in this Set
- Front
- Back
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5 characteristics of Real Estate?
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Immobility & Importance of location
Slow to respond to change in supply & demand Indestructibility of land and fixed location Real Estate is unique Governmental Controls (zoning,building codes, taxes) |
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Supply factors are?
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Availability of:
-Skilled labor -Financing -land -materials |
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Demand factors are?
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-price of real estate
-population and household composition -income of consumers -availability of mortgage credit -consumer tastes or preferences |
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Interpreting Market conditions...
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Buyers - supply exceeds demand
Sellers - demand exceeds supply |
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Market indicators include...
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Price levels
Vacancy rates Sales volume |
