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

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What are prepayment penalties? What is comprehensive homeowners insurance? What is a buyer’s agent? What is a title? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee?