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A real estate bubble is a type of economic bubble that occurs periodically in local or global real estate markets, typically following a land boom.(a) True(b) FalseThe question was posed to me during an interview for a job.This question is from Planning topic in section Village Housing of Civil Engineering Drawing |
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Answer» CORRECT option is (a) True Easy explanation: A real estate bubble or property bubble (or housing bubble for RESIDENTIAL markets) is a TYPE of economic bubble that occurs periodically in local or global real estate markets, typically following a land boom. A land boom is the rapid increase in the market price of real property such as housing until they REACH unsustainable levels and then DECLINE. |
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