The housing market refers to the buying, selling, and renting of residential properties, including houses, apartments, and condominiums. Understanding key terms associated with the housing market is essential for individuals involved in real estate transactions or those interested in monitoring market trends.
Let’s complete the definitions of some important housing market terms:
1. Mortgage arrears are starting to level off means that mortgage arrears _______
a. have stopped increasing
b. are decreasing
c. are increasing more slowly than they were
2. There was soaring growth in the buy-to-let market means that ___________
a. profits from buy-to-let mortgages increased
b. house prices increased
c. buy-to-let mortgages became more expensive
3. The housing market is buoyant means that ________
a. house prices are rising
b. house prices are static
c. house prices are falling
4. Investors have been reducing their holdings means that investors have been _________
a. buying more shares
b. selling all their shares
c. selling some of their shares
5. Interest rate cuts could underpin further growth means that interest rate cuts could ______
a. cause further growth
b. prevent further growth
c. be caused by further growth
6. Pension cash will flood into the market means that pension fund managers will _________
a. avoid this market
b. invest heavily in this market
c. make a lot of money from this market
7. New business volumes have grown steadily month on month means that ____________
a. business has increased every month
b. profits have increased every month
c. the number of new customers has increased every month
8. Prices are poised to fall by 7% means that _____________
a. prices are falling
b. prices are expected to fall
c. prices will fall
Correct Answers :
- c
- a
- a
- c
- a
- b
- c
- b
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