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REAL 4000 UGA Test 1 | Questions And Answers Latest {} A+ Graded | 100% Verified
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REAL 4000 UGA Test 1 | Questions And Answers Latest {} A+ Graded | 100% Verified
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REAL 4000 UGA Test 1 | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
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 - 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
Raw Land is - land in its natural state
Improvements TO the land is - taking land from its natural state and changing it so it can be built upon
Subdividing, zoning, installing sewers and other utilities, excavation and fill, installing streets and roads
are examples of - improvements TO the land
Improvements TO the land are things - we do to the land to make it more valuable
Improvements ON the land are - building structures
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