Market Absorption Rate
The rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, and the market price of the resale homes declines.
Popular Real Estate Terms
A two-by-four used for wall resilience and partitioning. Studs rest on it. ...
The tenant is forced to leave the premises if he complains about the poor condition of the apartment or office space he has leased. This type of eviction is illegal in many states. ...
Refers to state statues protecting the public against securities frauds of real estate companies. ...
The construction of a highway right way over a privately held parcel of land. Property owners are entitled to compensation for the value of the property usurped by a highway easement. See ...
Precalculated tables providing the present values of $1 or an annuity of $1 for different time periods and at different discount rates. ...
A right or interest in property held by a third party, which often limits the use and diminishes the value of the property, but usually does not prevent the transferring of title. The more ...
Location Analysis is the appraisal of a general geographic area for a particular use. A Residential Real Estate Market professional (or consumer) rarely deals with a Location Analysis ...
Property tax that varies in rate depending on the zoning classification (use) of the property. ...
Latin for at first sight. Facts assumed to be true unless subsequent evidence disproves it. ...
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