Real Estate Econ 212 HW Assignment
11 Questions
| Total Attempts: 90
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A brief quiz to test knowledge of Real estate based on in class lecture. Questions varing in difficulty.
Questions and Answers
- 1.What is the effect of long time delays in the short run?
- A.
There is disequilibrium
- B.
Increase in the price of homes
- C.
There is equilibrium
- D.
Not effected
- 2.Real estate markets are considered ________ markets.
- A.
Commercial
- B.
Industrial
- C.
Stock/flow
- D.
All of the above
- 3.Briefly describe the concept of immobility.
- A.
It cant walk
- B.
Houses come to us
- C.
We go to houses
- D.
The market doesn't fluctuate
- 4.Relating to supply, ______% consist of the stock of existing houses.
- A.
30
- B.
98
- C.
95
- D.
4
- 5.Which of the following is not a factor of demand for housing?
- A.
Income
- B.
Retail
- C.
Cost
- D.
Consumer preferences
- 6.What city in the Gulf region, other than New Orleans, has seen a housing market boom since 2005?
- A.
Biloxi, Mississippi
- B.
Mobile, Alabama
- C.
Tallahassee, Florida
- D.
San Antonio, Texas
- 7.Why will a rebound in the housing market occur more quickly in Southern California than in New Orleans?
- A.
Overall damage to the infrastructure
- B.
Stability of the area
- C.
Both A and B
- D.
None of the Above
- 8.If sports teams were a factor would you choose to live in ...?
- A.
Boston
- B.
Charleston
- C.
Rock Hill
- D.
Des Moines
- 9.What state does not have a minimum wage?
- A.
South Carolina
- B.
Massachusetts
- 10.Transfer cost for the seller typically range between __-__% of the purchase price.
- A.
3-6
- B.
4-10
- C.
5-7
- D.
1.5-6
- 11.What kind of bubble do you want to live in?
- A.
Danger zones
- B.
Dead zones
- C.
Living zones
- D.
Safe havens
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