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REE4204 2 FINAL EXAM QUESTIONS WITH VERIFIED ANSWERS
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REE4204 2 FINAL EXAM QUESTIONS WITH VERIFIED ANSWERS
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REE4204 2 FINAL EXAM QUESTIONS WITHVERIFIED ANSWERS
When was the modern subdivision created? - ✔✔1940's, they were created to
house the GI's and their families
What is the stable growth period? - ✔✔1950's, a lot of people working, houses
were being built. the interstate system was created the move personnel and
equipment incase of a domestic war.
Why was increasing inflation, starting in the 1960's, a problem? - ✔✔it affected
the short term interest rates, earning 8%, paying 12%, caused mismatched
maturities
What occurrences made the 1980's distinctive? - ✔✔we were over built.
appraisers over appraised houses so the buyers would make a deal. inflation rates
went down, and interest rates went down
how would you describe the 1990's? - ✔✔upscale houses built, not many first
time home built
Why is the 2000's decade described as a period of extremes? - ✔✔the housing
market craze- people invested in real estate because it wasn't as risky as the stock
market, growth of secondary mortgage market, rapid increase in house prices
because people were buying a lot of homes, rapid decrease in house prices.
Why is a fixed rate mortgage called fixed? - ✔✔the interest rate is fixed
(contract rate)
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