Real estate markets tend to be highly segmented due to the heterogeneous nature of the products. Which of the following examples depicts this issue of market segmentation?
A) A couple searching for a single-family detached unit is willing to consider other residential property types such as an attached townhouse unit or condominium.
B) A couple searching for a single-family detached unit has limited their search to homes in a single elementary school district
C) A couple searching for a single-family detached unit has set a timeline for their search of 6 months, at which point they will renew their current apartment lease.
D) A couple searching for a single-family detached unit has limited their search to be in a specific price range between $350,000 and $400,000.
Correct Answer:
Verified
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