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4. In economic terms the peak of the real estate cycle is: a) Overbuilding b) Prosperity c) Development d) Stabilization 5. Which of the following
4. In economic terms the "peak" of the real estate cycle is: a) Overbuilding b) Prosperity c) Development d) Stabilization 5. Which of the following statements is true? a) When demand for real estate is strong, rents decrease b) Demolition of obsolete real estate increases supply c) When supply of real estate exceeds demand, rents increase d) Rising rents stimulate investment and construction in income producing property. 6. Fill in the blank: The value of real estate when the income it generates decreases or goes down. a) Increases b) Decreases c) Is not impacted
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