ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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By consumer
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By location
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By business
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By price
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Detailed explanation-1: -Markets are often categorized by both commodity and geographic location, such as the Southwestern real estate market or the U.S. stock market.
Detailed explanation-2: -Most investors know that real estate is classified into three types of markets: primary, secondary, and tertiary. In addition, each market is separated by job growth, population, and demographics. After all, the population isn’t the only factor in categorizing real estate.
Detailed explanation-3: -According to Redfin, in December 2022, home prices in Texas were up 2.9% compared to last year, selling for a median price of $345, 500. On average, the number of homes sold was down 31.4% year over year and there were 20, 265 homes sold in December this year, down from 33, 010 homes sold in December last year.
Detailed explanation-4: -There are four common types of real estate– industrial, commercial, land, and residential.
Detailed explanation-5: -Vacant Land. Residential Properties. Commercial Properties. Industrial Properties. Agricultural Properties. Mixed-Use Properties. State-Owned or Special Purpose Properties.