REAL 4000 UGA Test 1 Questions and
Answers
Housing market is divided into
✓ ~~~ local markets
US housing market has been in recovery since
✓ ~~~ 2011
Housing prices showed steady growth from
✓ ~~~ 1975 to 1998
Housing prices steeply grew in the
✓ ~~~ later 1990s
The housing boom was from
✓ ~~~ 2000 to 2006
California, Arizona, Nevada, and Florida had
✓ ~~~ the greatest boom
Housing prices collapsed from
✓ ~~~ 2006 to 2011
Housing prices were stagnant from
, ✓ ~~~ 2011 to 2013
Since 2013, housing prices have
✓ ~~~ sustained steady growth slightly greater than before the boom
Housing prices have been increasing since 2013 because
✓ ~~~ the underwriting on mortgages presently being very strict
Housing prices have been increasing since 2013 because
✓ ~~~ an undersupply of housing (basic supply and demand)
Around 2006, the housing market was based on
✓ ~~~ speculation and loose financing
Case-Shiller Index is a
✓ ~~~ widely accepted but not as insightful housing price index
Core Logic
✓ ~~~ housing price index
Las Vegas has
✓ ~~~ never gotten to the heights it reached in the housing boom
Las Vegas is the
✓ ~~~ picture of housing boom then housing collapse
, Cape Coral/Fort Myers is the
✓ ~~~ same as Las Vegas
San Diego had
✓ ~~~ more muted boom and bust
San Diego boomed
✓ ~~~ earlier than rest of the US (same with CA as a whole)
San Diego collapsed
✓ ~~~ earlier than rest of US
California had a much
✓ ~~~ stronger recovery than the rest of US
Atlanta had
✓ ~~~ a normal slope of increase but not much of a boom
Atlanta got
✓ ~~~ hit hard during the recession
Atlanta got hit hard by bust because
✓ ~~~ of a lot of jobs in real estate and construction with not much of a boom
Atlanta had a
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