Real Estate Market Economics
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | the quantity of a product or service available for sale, lease or trade at any given time.
🗑
|
||||
| What is DEMAND? | show 🗑
|
||||
| show | the amount of money or other asset that a buyer has agreed to pay and a seller has agreed to accept to complete the exchange of a good or service.
🗑
|
||||
| show | estimate the monetary worth.
🗑
|
||||
| What is COST? | show 🗑
|
||||
| show | a place where supply and demand encounter one another: suppliers sell or trade their goods and services to demanders, who are consumers and buyers.
🗑
|
||||
| What is MARKET EQUILIBRIUM? | show 🗑
|
||||
| show | the number of persons employed in the business that represent the economic foundation of the area.
🗑
|
||||
| What is TOTAL EMPLOYMENT? | show 🗑
|
||||
| show | the amount of total real estate inventory of a certain type that is unoccupied at a given time.
🗑
|
||||
| What is ABSORPTION? | show 🗑
|
||||
| show | produce and distribute a supply of goods and services to satisfy the demand of its constituents.
🗑
|
||||
| show | the final number the parties agree to.
🗑
|
||||
| show | quantifies value.
🗑
|
||||
| The value of something is based on four questions: | show 🗑
|
||||
| show | costs of capital, materials and supplies; labor; management; and overhead.
🗑
|
||||
| A transaction arena is a... | show 🗑
|
||||
| The equilibrium time lag is a theory where... | show 🗑
|
||||
| As an economic commodity, real estate is... | show 🗑
|
||||
| show | inherent product value, unique appeal of product, demand must come to the supply, illiquid, slow to respond to changes, and decentralized, local market.
🗑
|
||||
| Inherent product value: | show 🗑
|
||||
| Unique appeal of product: | show 🗑
|
||||
| Demand must come to supply: | show 🗑
|
||||
| show | real estate cannot always be readily sold for cash.
🗑
|
||||
| Slow to respond to changes: | show 🗑
|
||||
| show | a real property cannot be shipped to a large, central real estate marketplace, therefore, real estate markets are local in nature.
🗑
|
||||
| show | the amount of property available for sale or lease at any given time.
🗑
|
||||
| In real estate, what is DEMAND? | show 🗑
|
||||
| Units of supply, by property type, are: | show 🗑
|
||||
| show | development costs (particularly labor), availability of financing, investment returns, a community's master plan, government police powers and regulation
🗑
|
||||
| show | residential: households: commercial and industrial: square feet: agricultural: acreage.
🗑
|
||||
| show | specific concerns of the users.
🗑
|
||||
| show | quality of life, neighborhood quality, convenience and access to services and other facilities, dwelling amenities in relation to household size, lifestyle, and costs.
🗑
|
||||
| Retail users are concerned with: | show 🗑
|
||||
| show | costs of occupancy to the business, efficiency of the building and the suite in accommodating the business's functions, accessibility by employees and suppliers, matching building quality to the image and function of the business.
🗑
|
||||
| show | functionality, the availability and proximity of the labor pool, compliance with environmental regulations, permissible zoning, health and safety of the workers, access to suppliers and distribution channels.
🗑
|
||||
| What is the engine that drives demand for real estate by all types in a market? | show 🗑
|
||||
| Real estate supply and demand interact in the marketplace to produce... | show 🗑
|
||||
| show | cost of financing, availability of developable land, construction costs, capacity of the municipality's infrastructure to handle growth, governmental regulation and police powers, changes in the economic base, in-and-out migrations of major employers
🗑
|
||||
| show | changes in money supply, inflation, national economic cycles.
🗑
|
||||
| The primary forms of government influence are: | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
alli-bohanon
Popular Real Estate sets