Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

24 Cards in this Set

  • Front
  • Back
short-term capture or amount of leasing or sales in the short-term (as opposed to "share of the market" which is long-term capture
Active (seller's) market
a market characterized by growing demand, and a lag in supply, thus an increase in prices
the rate that a property or market leases or sells
Competitive supply
the goods or services that compete with a defined good or service
the desire and ability to purchase good/services
Depressed (buyer's) market
one characterized by a drop and demand, with a relative oversupply, and thus a decline in prices
differentiation of the subject versus other properties
Economic base analysis
study of the sector of a market that imports money & exports goods or services from a defined area
Fall-out demand
tenants/owners moving from a higher to lower class building
people who live in one housing unit
Long-term (secular) cycle
function of longer term demographic changes in a market such as employment, population, income, etc
Market analysis
identification and study of the market for a particular economic good/service
Market definition
buyers & sellers who contact one another for transactions for a particular good or service
Market disequilibrium
too much supply or demand relative to the other
Market equilibrium
when supply and demand are in relative balance
Market segmentation
the process of identifying and analyzing submarkets in a larger market
Move-up demand
tenants/buyers moving from a lower class to a higher class building
Real estate cycle
successive periods of expansion, peak, contraction, and trough in the real estate sector of an economy
Share of the market
long-term capture
Short-term cycle
market interaction over a shorter time horizon, largely a function of interest rates
Strong market
also a seller's market; one characterized by much activity
smaller specialized markets taken from a larger market
Supply & Demand
the amount of a good/service available for sale. The availability of a real estate product (supply)
Weak market
also a buyer's market, characterized by little activity