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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Popular Real Estate Terms

Principle Of Supply And Demand

Economic principle determining the market prices of goods, services, and property. The principle states there is a pricing relationship between supply ...

Board Of Trustees

Organizational governing group. Either an appointed or elected body overseeing the management of an organization and rendering advice on current issue ...

Approximate Compound Yield

Measure of the annualized compound growth of a real estate investment. ...

Standard Depth

Depth of land used as standard to appraise its value. An example is 100 feet used for residential land. ...

Dual Divided Agency

Representation of two or more parties in a transaction by the same real estate agent. ...

Succession

transfer of real property by legal means such as through inheritance. ...

Popular Real Estate FAQ

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the principal and a certain amount to the interest. ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

What Is A Loan Origination Fee?

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

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and s ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

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