Buying Power Index Bpi


Definition of "Buying power index (BPI)"

Average of income, retail revenue, and population of a locality as a percentage of the entire United States. It reflects the economic status of a particular region.

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Popular Real Estate Terms

Value In Exchange

Giving money, a good, or service that is worth something in exchange for another good or service provided by the other party. An example is paying cas ...

Contingency Clause

Provision in a written agreement that depends on the occurrence of something else. ...

Site

Geographic location where a vacant or occupied structure exists. It usually means the land reserved is for a future building. ...

Per Stirpes

Type of property distribution occurring when a person dies intestate. The estate id divided by the children of the deceased and by their children. For ...

Riparian Right

The common law right of a landowner whose land borders a river or stream to use and enjoy that water. ...

Demurrer

Defendants legal objection to the prima facie sufficiency of a judicial pleading. It is a motion to dismiss an action on the ground there is no appar ...

Popular Real Estate FAQ

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Paid advertorials are articles written by public relations professionals that have just one goal in mind - to get you to buy a home. I\'m sure you\'v ...

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A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

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A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...

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A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS� ...

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A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors ...

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The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

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