REAL 4000 UGA Test 1 Exam with Complete Solution | Guaranteed SuccesS
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Course
REAL 4000
Institution
REAL 4000
REAL 4000 UGA Test 1 Exam with
Complete Solution | Guaranteed
Success
Housing market is divided into - local markets
US housing market has been in recovery since - 2011
Housing prices showed steady growth from - 1975 to 1998
Housing prices steeply grew in the - later 1990s
The housing boom w...
US housing market has been in recovery since - ✔✔2011
Housing prices showed steady growth from - ✔✔1975 to 1998
Housing prices steeply grew in the - ✔✔later 1990s
The housing boom was from - ✔✔2000 to 2006
California, Arizona, Nevada, and Florida had - ✔✔the greatest boom
Housing prices collapsed from - ✔✔2006 to 2011
Housing prices were stagnant from - ✔✔2011 to 2013
Since 2013, housing prices have - ✔✔sustained steady growth slightly
greater than before the boom
Housing prices have been increasing since 2013 because - ✔✔the
underwriting on mortgages presently being very strict
,Housing prices have been increasing since 2013 because - ✔✔an
undersupply of housing (basic supply and demand)
Around 2006, the housing market was based on - ✔✔speculation and loose
financing
Case-Shiller Index is a - ✔✔widely accepted but not as insightful housing
price index
Core Logic - ✔✔housing price index
Las Vegas has - ✔✔never gotten to the heights it reached in the housing
boom
Las Vegas is the - ✔✔picture of housing boom then housing collapse
Cape Coral/Fort Myers is the - ✔✔same as Las Vegas
San Diego had - ✔✔more muted boom and bust
San Diego boomed - ✔✔earlier than rest of the US (same with CA as a
whole)
San Diego collapsed - ✔✔earlier than rest of US
California had a much - ✔✔stronger recovery than the rest of US
Atlanta had - ✔✔a normal slope of increase but not much of a boom
Atlanta got - ✔✔hit hard during the recession
, Atlanta got hit hard by bust because - ✔✔of a lot of jobs in real estate and
construction with not much of a boom
Atlanta had a - ✔✔very strong recovery- better off from when they were
when the collapse started
Dallas had - ✔✔a non-existent housing crisis (same with any city in Texas)
Dallas never - ✔✔boomed but steadily climbed from 2006-2011 and
increased more after recession
Texas and Midwest did not crash because of - ✔✔the oil boom
Detroit's housing market was - ✔✔very bad
Atlanta, Dallas, and Detroit experienced - ✔✔very different dynamics from
the other metro areas
Current period of housing prices are - ✔✔sustained across the US
CA and FL - ✔✔increased the most from 2000-2006 but decreased the
most from 2006-2011 (along with Vegas)
Best Market since 2000 - ✔✔Midland, TX
Worst market since 2000 - ✔✔Bay City, MI along with most MI cities
(manufacturing jobs have disappeared)
Tangible Property is - ✔✔land and the things permanently attached to land
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