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URL:https://www.learndesk.us/class/5224100152737792/lesson/8cff4d9c069c3133ca0dc71b9f8a1126?ref=outlook-calendar
SUMMARY:Real Estate Market Economics Snapshot Review
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/5224100152737792/lesson/8cff4d9c069c3133ca0dc71b9f8a1126?ref=outlook-calendar
DESCRIPTION: THE MARKET SYSTEM
Supply and demand
● supply: goods or services available for sale, lease, or trade ● demand: goods or services desired for purchase, lease, or trade
Price and value
● price mechanism: the quantified value of an exchange ● value components: desire; utility; scarcity; purchasing power
Productivity and costs
● cost plus profit equals minimum price; production cost possible component of value
Market interaction
● market: transaction arena where suppliers and demanders define value through the price mechanism ● if supply increases relative to demand, price decreases; if demand increases relative to supply, price increases
Market equilibrium
● supply and demand tend toward balance where they are equal
● market equilibrium: price, cost, and value theoretically the same; market imbalances are caused by changes in supply or demand
REAL ESTATE MARKET DYNAMICS
Economic characteristics of Real estate
● governed by supply, demand, price, costs, value components, government...

https://www.learndesk.us/class/5224100152737792/lesson/8cff4d9c069c3133ca0dc71b9f8a1126?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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