Unit 1 California's Diversity Flashcards Preview

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Flashcards in Unit 1 California's Diversity Deck (10)
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1

Capitalism

An economic system in which most of the economy's resources are privately owned.

2

Net worth

The value of all assets minus all liabilities.

3

Appreciation

The increase in market value of real estate.

4

Inflation

The increase in the general price level of goods and services.

5

Median Home Price

The price that is middle value of a sample of sales, with one-half of the sales below and one-half of the sales above.

6

Demographics

Information from a variety of sources used to create a broad profile of any community.

7

Gold Rush

A large migration of people to a newly discovered gold field.

8

Housing Inventory

Housing units that are available for sale or in the process of being made ready for sale.

9

C.A.R.

A California trade association representing REALTORS statewide.

10

Unemployment Rate

The percentage of the people classified as unemployed as compared to the total labor force.