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Exam (elaborations)

REAL 4000 UGA Test 1 Questions and Answers

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  • Course
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  • August 16, 2024
  • 28
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  • Exam (elaborations)
  • Questions & answers
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REAL 4000 UGA Test 1 Questions and
Answers
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 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

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