Establishing a Home

High interest rates make a home more expensive to finance.  Because this is more expensive, home prices become...

• less expensive, to attract buyers
• more expensive, to make it harder for a buyer to purchase
• none of the above

High unemployment rates mean that more people are out of work.  This means...

• more people will be in the market to buy a home, making prices rise.
• more people will be in the market to buy a home, making prices fall.
• less people will be in the market to buy a home, making prices rise.
• kess people will be in the market to buy a home, making prices fall.

A covenant places restrictions on what can be done to a property and on who it can be sold to.

• True
• False

A lease occurs when someone buys a home.

• True
• False

Finances should never be part of a housing decision.

• True
• False

Aesthetic values refer to...

• how something looks.
• the cost of something

A buyer's funds are held in _________ until a home has been sold to the buyer.

• escrow
• the seller's bank account
• the buyer's bank account

Right to entry agreements allow the landlord to enter a renter's home under some circumstances.

• True
• False

A home renter is always responsible for the same maintenance needs as a home owner.

• True
• False

Keeping a home clean and tidy...

• raises property values
• lowers property values
• has no effect of property values