Three Hurricanes, Combined with the Already High Real-Estate Prices, Have

question 27

Multiple Choice

Three hurricanes, combined with the already high real-estate prices, have made people reconsider whether to retire to Florida.The cost of homeownership has increased due to stricter building codes.The influx of retirees is not expected to change because the baby boom generation is approaching retirement age and Florida has long attracted many retirees.Which of the following factors is tending to move the demand curve for Florida housing to the right?

• A)The aging of the baby boomers, increasing the number of people who are retiring
• B)The increase in the cost of insurance
• C)The already high real-estate prices
• D)The current high construction costs

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