Basic Industry Multiplier

Definition of "Basic industry multiplier"

Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that draws income from outside the locality for its product or service. The industry not only generates jobs directly but indirectly creates jobs for related services. The industry not only attracts workers from outside the area but also their families.

Search Real Estate Glossary

Related Real Estate Glossary terms

Caveat Emptor

Latin expression meaning "let the buyer beware." The purchaser buys a product or service at his or h ...

Market Study

Study of real estate activities including demand, price, location influence, and current trends. ...

Builder-Financed Construction

Having the builder borrow the money needed for construction. ...

Loan Correspondent

Same as term mortgage correspondent: Individual having permission to act ob behalf of a bank or othe ...

Captive Insurance Company

Company formed to insure the risks of its parent corporation. Reasons for forming a captive insuranc ...

Add To Cash Value Option

new dividend option under which the policyowner allows the dividends from the participating policy ...

Related Real Estate FAQ

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is A Mortgagor?

A mortgagor is the borrower. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City When to buy a house Should you Buy a Home with Cash? Is it better to buy or sell a home first Real Estate Open House - The Dos and Don

FAQ

What is depreciation? What happens when you prequalify? What are comparables or comps? What does the Real Estate Settlement Procedures Act (RESPA) require? Why do people refinance?