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URL:https://www.learndesk.us/class/4746122453057536/lesson/47145bee5daff20fff99294246a47e41?ref=outlook-calendar
SUMMARY:Economic Characteristics of Real Estate
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/47145bee5daff20fff99294246a47e41?ref=outlook-calendar
DESCRIPTION: 
Real estate as an economic product
Relationship between supply, demand, and price
Supply factors
Demand factors
Market Influences on Supply and Demand
Interpreting market indicators

Real estate as an economic product
As an economic commodity, real estate is bought, sold, traded, and leased as a product within a real estate market. Like other products and services, real estate is:
 subject to the laws of supply and demand  governed in the market by the price mechanism  influenced by the producer's costs to bring the product to market  influenced by the determinants of value: utility, scarcity, desire, and purchasing power
Distinguishing features. In comparison with other economic products and services, real estate has certain unique traits. These include:
 inherent product value The land is a scarce resource as well as a required factor of production. Like gold and silver, it has both inherent value and utility value.  the unique appeal of the product Since no two parcels of...

https://www.learndesk.us/class/4746122453057536/lesson/47145bee5daff20fff99294246a47e41?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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