Real Estate Markets Tend to Be Highly Segmented Due to the Heterogeneous

question 17

Multiple Choice

Real estate markets tend to be highly segmented due to the heterogeneous nature of the products. Which of the following examples depicts this issue of market segmentation?

• A) A couple searching for a single-family detached unit is willing to consider other residential property types such as an attached townhouse unit or condominium.
• B) A couple searching for a single-family detached unit has limited their search to homes in a single elementary school district
• C) A couple searching for a single-family detached unit has set a timeline for their search of 6 months, at which point they will renew their current apartment lease.
• D) A couple searching for a single-family detached unit has limited their search to be in a specific price range between $350,000 and $400,000.

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