Economic Force

Definition of "Economic force"

Power or strength of economic factors an variables influencing the real estate market. For example, real estate values may decline in times of recession because people cannot afford to buy homes. In economically depressed neighborhoods, property values decline

Search Real Estate Glossary

Related Real Estate Glossary terms

Material Fact

Significant information that if disclosed would affect an individual's decision. For example, a buye ...

Discontinuance

Termination of coverage in insurance. ...

Self-directed Account

Type of individual retirement account (IRA) allowed by the employees retirement income security act ...

Wet Plaster

Water/plaster mix used as a surface for walls and ceilings. ...

Annuity, Cd

Product that guarantees the initial interest rate for funds on deposit for the length of the maturit ...

Rate Protection

Protection for a borrower against the danger that rates will rise between the time the borrower app ...

Related Real Estate FAQ

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? What is Hazard Insurance? Top Five Reasons Your Home Offer was Rejected What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Mortgage Loan Types

FAQ

What is a APR Loan? What is a home warranty? How can I protect my Home Office? What is a lien? What is a balloon mortgage?