Characteristics of RE markets, II
{"Image DocumentName": "Characteristics of RE markets, II", "Image ImageDescription": "Segmented markets. Households that search for single-family detached units may not want to consider condos. High transaction costs and low liquidity. Information asymmetry and agency problems. Sellers of RE usually have better information about the properties than buyers (the lemon problem). The agents in the industry may have incentives to be deceiving so that deals (   ) can be reached quickly.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}