Unit 15 Key Terms Flashcards
buyer’s market
The supply of available properties exceeds the demand.
demand
The quantity of goods or services wanted by consumers.
household
One individual, or a group of individuals living in one dwelling unit.
seller’s market
The demand for available properties exceeds the supply.
situs
Relationships and influences created by location of a property that affect value (e.g., accessibility, personal preference).
supply
The quantity of goods or services offered for sale to consumers.
vacancy rate
The percentage of rental units that are not occupied.
The supply of available properties exceeds the demand.
buyer’s market
The quantity of goods or services wanted by consumers.
demand
One individual, or a group of individuals living in one dwelling unit.
household
The demand for available properties exceeds the supply.
seller’s market
Relationships and influences created by location of a property that affect value (e.g., accessibility, personal preference).
situs
The quantity of goods or services offered for sale to consumers.
supply
The percentage of rental units that are not occupied.
vacancy rate
