Among the most important demand side factors explaining homes prices would be the

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The income of potential homebuyers is a key factor in determining home prices. If the average income in an area is high, people can afford to pay more for homes, which drives up prices. Conversely, if incomes are low, people will be restricted in their ability to buy homes, which can lead to lower prices. The other options listed are supply-side factors that may affect construction costs or the number of homes available, but they do not directly impact demand for housing.

Among the Most Important Demand Side Factors Explaining Homes Prices