Housing Expenses
Definition of "Housing expenses"
All expenses related to maintaining and operating a household. These expenses include the cost of rent or mortgage payments, taxes, utilities, maintenance and structural improvements. The cost of housing has risen in excess of increases in income. Further, the proportion of income spent on housing is increasing. Current housing expenses consume, on the average, 25% of the family budget, but renters may pay more than 50% of their disposable income on housing.
Popular Real Estate Terms
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Letter sent an individual informing him or her they are in default on an agreement. Normally, a notice of default will give the defaulting party the terms necessary to remedy a default and ...
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Price at which the seller and the buyer agree to trade real estate on the open market. ...
Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecting tax revenue. ...
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Pipes from a structure to a sewer for the purpose of sewage disposal. ...
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