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|to examine the demand for and supply of a property type and the geographic market area for that property type.
|areas where market participants live and work
|market trend analysis
|the analysis of data that exhibits an ongoing upward or downward pattern that is not due to seasonal changes.
|the study to determine if the item in question is marketable.
|a study of the cost-benefit relationship of an economic endeavor.
|to predict the absorption rate of a certain type of property in a given market. An absorption rate signifies the rate at which a type of property is either bought or leased, i.e. absorbed by the market.
|a point on the scale of possible prices at which a property might be marketed.
|There often is some confusion regarding market analysis, a feasibility study, and a marketability study. The primary reason for this confusion results from:
|the client's lack of understanding and miscommunication with the appraiser
|According to Standards Rule 1-3(a) in USPAP, an appraiser when doing a regional analysis, must consider:
|economic and market trends to obtain credible valuation results.
|A political issue to consider in a regional market analysis is:
|regional government controls and cooperation among local government jurisdictions in solving inter-city problems.
|Which of the following refers to the economic impact of a community that relies heavily on a specific industry?
|Regional employment variations
|Which of the following factors helps foster rapid increases in housing prices in a regional market analysis?
|Creative financing offered by lenders
|What has increased the effect of regional economic activity on local property values through the extensive use of automobile and advanced public transportation systems?
|Which of the following is not one of the physical issues to consider in a regional market analysis?
|Availability of jobs
|Adam is an appraiser who is analyzing the economic issues affecting a particular region. Which of the following is an economic issue to consider in a regional market analysis?
|Quality and diversification of defense-oriented industries
|Physical issues to consider in a regional market analysis include
|public transportation facilities, available open spaces, and airports.
|Which of the following statements is true regarding the impact of economic factors on real estate?
|The impact of regional employment variations cannot be overemphasized
|In a regional market analysis, which of the following is an economic issue to be considered?
|Quality and quantity of institutions of higher learning
|Factors affecting the rapid increases in housing prices include
|lower-than-normal unemployment, trade-up buyers, and creating lending programs.
|In certain areas, farmers compete for their share of water allotment with:
|Which of the following is not a social issue to consider in a regional market analysis?
|As cities grow and become more crowded, what becomes more important?
|Individual property rights
|In a city market analysis, a basic political consideration is:
|the city master plan and area specific plans.
|A basic economic consideration in a city market analysis is:
|sufficient tax base to fund government services.
|What is the final part of the economic analysis of a residential property
|A study of the properties that surround the subject property and influence its value