Real estate market analysis provides insights into the overall condition of the market, including supply and demand, pricing trends, and economic factors that influence the market.

The replacement cost approach is not commonly used for property valuation as it estimates the cost of replacing a property with a new one, which may not reflect the actual market value.

Depreciation refers to the decrease in the value of a property over time due to factors such as wear and tear, obsolescence, and economic conditions.

Interest rates primarily affect the demand for housing, not the supply. Higher interest rates can make it more expensive to purchase a home, leading to a decrease in demand.

Investment appraisal involves analyzing the potential returns and risks associated with a real estate investment, including estimating the future value of the property.

Wholesaling involves buying a property with the intent to quickly resell it to another investor, typically at a higher price. This strategy is less common compared to buy-and-hold, flipping, and renting.

Market research involves gathering and analyzing data about a real estate market, including demographic, economic, and social factors, to understand market trends and consumer preferences.

Stagnation is not a typical phase of a real estate market cycle. The common phases include expansion, contraction, and recovery, which represent periods of rising prices, falling prices, and gradual improvement, respectively.

Gross rental income refers to the total rental income that a property is expected to generate before deducting operating expenses.

Agricultural property is not a common type of real estate property in the context of urban or suburban markets. It typically refers to land used for farming or agricultural purposes.

Investment appraisal involves analyzing the financial aspects of a real estate investment, including income, expenses, and potential returns, to assess its profitability.

Private REITs are not a common type of REIT. REITs are typically publicly traded and offer investors the opportunity to invest in a diversified portfolio of real estate properties.

Subdivision refers to the process of dividing a larger parcel of land into smaller lots, typically for the purpose of residential or commercial development.

Percentage leases are not as common as gross, net, and triple net leases in real estate. Percentage leases involve the tenant paying a percentage of their sales or profits as rent.

Environmental impact assessment involves evaluating the potential environmental effects of a real estate development project, such as its impact on air quality, water quality, and wildlife.