When there is a sudden increase in the demand for housing in a community, the price of existing housing will
A) rise slowly over the next 12 months.
B) rise rapidly, then fall slightly as supply catches up with demand.
C) not reflect the increased demand for approximately 12 months.
D) none of the above.
Correct Answer:
Verified
Q9: In order to keep prices from falling
Q10: Which has the greatest effect upon the
Q11: All of the following have made home
Q12: Generally, a person's peak earning years occur
Q13: From an investor's point of view, which
Q15: Under federal tax laws that allow homeowners
Q16: Industries which produce goods and services for
Q17: Real estate values are affected by the
Q18: The real estate brokerage industry is an
Q19: The Texagum manufacturing Company, which was the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents