FRECI_19-2 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 19 – Lecture 2 The Real Estate Market Copyright, 2005 2 Lecture Preview What will you learn from this lecture? Examine supply factors influencing real estate Examine demand factors influencing real estate Analyze market conditions and their effect on supply, demand, and price Copyright, 2005 3 Vocabulary Terms Buyer’s market Household Seller’s market Vacancy rate Copyright, 2005 4 Economic Characteristics of Real Estate 1. The relationship between supply, demand, and price 2. Supply factors 3. Demand factors 4. Interpreting market conditions Copyright, 2005 5 1. The Relationship Between Supply, Demand, and Price Good ol’ law of supply and demand Supply Demand Price (=) (=) Copyright, 2005 6 2. Supply Factors Land for development Construction loans and permanent financing Skilled labor Building materials The availability of: Each has a direct effect on supply!
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2 Copyright, 2005 7 3. Demand Factors Real estate prices If prices get too high, demand drops off
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

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FRECI_19-2 - Lecture Preview Florida Real Estate Commission...

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