Housing Market Quiz

Which university's Joint Center for Housing Studies published the report mentioned in the text?

• Stanford University

• Harvard University

• Yale University

• Princeton University

What is the fastest pace of growth in home prices since?

• The financial crisis more than a decade ago

• The start of 2010

• The housing boom of the 1990s

• The recession of 2008

In 2021, what percentage of U.S. markets required an income of more than $100,000 to afford a median-priced home?

• 5%

• 11%

• 25%

• 50%

What is the time span covered by the data in the map?

• 1990 to 2020

• 1980 to 2022

• 2000 to 2022

• 1970 to 2020

What is the primary focus of the FOX Business article mentioned in the image?

• Stock market trends

• Housing affordability

• Technological innovations

• Environmental policies

What is a notable trend in the U.S. housing market according to the text?

• Decrease in home construction

• Increase in home-to-price ratio

• Decrease in rental prices

• Increase in rural population

What is the role of the Federal Reserve in the context of mortgage rates?

• To increase home prices

• To cut interest rates

• To build new homes

• To regulate rental properties

What is the main topic discussed in the document?

• The rise of rental properties

• The impact of mortgage rates on the housing market

• The decrease in home values

• The increase in population

What was the average rate on a 30-year loan reported by Freddie Mac this week?

• 6.95%

• 7.79%

• 5.00%

• 3.00%

According to a Zillow survey, what percentage of homeowners are willing to sell if their mortgage rate is 5% or higher?

• Nearly twice as willing

• Half as willing

• Not willing

• Equally willing