Index Of Residential Construction Cost

Definition of "Index of Residential Construction Cost"

Index of the costs to construct residential properties.

Search Real Estate Glossary

Related Real Estate Glossary terms

General Average

Expenses and damages incurred as the result of damage to a ship and its cargo and/or of taking direc ...

Absolute Liability

Liability without fault; also known as liability without regard to fault or strict liability. Absolu ...

Financial Markets

Same as term financial institutions and markets: Institutions acting as intermediaries between supp ...

Guardian

Individual who is legally responsible for taking care of another individual (s) who is deemed to be ...

Building Code

Municipal or state ordinance enforceable under the police powers of the state and locality controlli ...

Net Worth

Total assets minus liabilities. It is used by underwriters to evaluate the financial standing of app ...

Related Real Estate FAQ

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Is An Amortization?

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

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 Earnest Money Mortgage Loan Types How Does The Home Loan Underwriting Process Work? Getting Ready to Sell? Don't make these DIY Mistakes! Is it better to buy or sell a home first

FAQ

What is a REALTOR®? What is an assessed value? What is a APR Loan? Why should I use a real estate agent? What if they no longer make my specific computer?