Substantial increases in residential real estate prices that do not reflect their fundamental value, and are therefore likely to go down sharply in the future is referred to as _____.

Question

Quizplus · Accepted Answer

The definition given matches that of a housing bubble, where prices have increased beyond their fundamental value and are likely to experience a sharp decline in the future. The other options do not accurately describe this phenomenon.

Substantial Increases in Residential Real Estate Prices That Do Not