Question

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? A. When more people have children, their incomes tend to be higher and the housing prices are also higher. B. Older people are more likely to stay in their houses, creating a seller's market that keeps prices low. C. An area with a lower population density won't have enough construction workers to build new houses quickly. D. An area with younger people will have a higher demand for rentals and a lower demand for buying.

Answer 1

Answer:D. An area with younger people will have a higher demand for rentals and a lower demand for buying.

Explanation: Recent statistics shows that for the an area with younger people tend to have a higher demand for rentals and a lower demand for home ownership,this is because most young adults are still feeling the effects of the last recession making them to lose interest in home ownership or delay buying homes. Most young persons with reduced income prefer to rent houses,this has affected home ownership market. Areas occupied by older persons tend to give out more homes to the market as their children move out of their families.

Answer 2

Answer:

An area with younger people will have a higher demand for rentals and a lower demand for buying.- D.