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

Foreign Insurer

Insurance company whose domicile is in a state other than the one in which the company is writing bu ...

Particular Average

expenses and damages incurred as the result of damage to a ship and its cargo, and/or of taking dir ...

Securities Investor Protection Corporation (sipc)

Federal insurance fund that protects assets in client accounts held by registered securities broker- ...

Landlocked

Parcel of land that is totally surrounded by other land parcels not providing access to a highway. ...

After-acquired Title

Doctrine by which the title of real property previously unsuccessfully transferred because of the la ...

Individual Policy Pension Trust

Type of pension plan in which the employer (if noncontributory plan) or the employer and employee (i ...

Related Real Estate FAQ

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

How Does The Home Loan Underwriting Process Work? 7 Tips for a First Time Homebuyer Getting Ready to Sell? Don't make these DIY Mistakes! What is Earnest Money Foreclosure - The Pros and Cons of Buying

FAQ

What is a basic policy? What is an annuity? Do I need Earthquake Insurance? How much money can I borrow to buy a home? What is a gated community?