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

Question

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Local population growth rate is an important demand side factor as it influences the number of people competing for available housing, thereby affecting prices. Factors such as rates charged by licensed plumbers, cost of land, and cost of lumber are supply side factors that affect the cost of building new houses, but they do not directly determine home prices in the market.

Among the Most Important Demand Side Factors Explaining Homes Prices