NO.PZ2025021203000008
问题如下：
An analyst is working on an assessment of the attractiveness of investing in residential homebuilders versus developers of multi-family rental housing. Which of the following combinations of factors is most likely to provide a bullish scenario for residential homebuilders compared to rental housing developers.选项：
A.High job creation and positive demographic trends B.Low ratio of housing prices to household income and declining mortgage rates C.Large supply of owner-occupied housing and declining mortgage rates解释：
B is correct. When housing prices are low compared to household income, owner-occupied housing becomes more attractive to buyers. Coupled with declining mortgage rates, the conditions are favorable for the residential housing market compared to multi-family rental housing. Response A is consistent with positive environments for both residential and rental markets. Response C is a characteristic of an oversupply phase of the real estate cycle; thus, this situation would likely be negative for both residential and rental markets1
