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URL:https://www.learndesk.us/class/4746122453057536/lesson/aa0e74337397c214f2be833ad73a58e0?ref=outlook-calendar
SUMMARY:Real Estate Markets and Analysis Snapshot Review
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/aa0e74337397c214f2be833ad73a58e0?ref=outlook-calendar
DESCRIPTION: PHYSICAL CHARACTERISTICS OF REAL ESTATE
Legal Concepts of Land and real estate
● land: surface, all natural things attached to it, subsurface, and the air above the surface; unique aspects: immobile, indestructible, heterogeneous ● real estate: land plus all permanently attached man-made structures, called improvements
Unique physical features of the land
● immobility and location: location is fixed and is a major factor in use and valuation ● indestructibility: considered permanent, therefore long-term as an investment; does not depreciate ● heterogeneity: no two parcels alike
ECONOMIC CHARACTERISTICS\ OF REAL ESTATE
Real estate as an economic product
● governed by supply, demand, price, costs, value components, government influence ● inherent value; unique appeal; immovable supply; illiquid; slow response to cycles; decentralized market
Relationship between supply, demand, price
● if supply increases relative to demand, price decreases; if demand increases relative to supply,...

https://www.learndesk.us/class/4746122453057536/lesson/aa0e74337397c214f2be833ad73a58e0?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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