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Florida Real Estate Course
Chapter 16
Florida Real Estate Practice Question
When the equilibrium of the real estate market is upset by an excess supply of available homes, which of the following conditions is created?
Answer choices
A
A seller’s market exists, typically driving property prices upward.
B
A buyer’s market exists, giving purchasers more leverage and negotiating power.
C
A balanced market exists, which naturally stabilizes local interest rates.
D
A secondary market exists, prompting lenders to originate more mortgages.
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How Real Estate Markets Work: Supply, Demand and Location
All chapter guides
What is the basic difference between a buyer's and seller's market?
Why can nearby homes react differently to the same market news?