Multifamily Housing
Residential structure designed to house more than one family. Smaller multifamily housing units include duplexes, triplexes, and quadriplexes. Larger multifamily housing is normally termed an apartment house. Multifamily housing can be tenant owned individually or as a condominium or cooperative or it can be rented. Multifamily housing structures of 2 to 4 units grew the most slowly during the 1980"s, increasing only 1%. Units in larger buildings of 5 or more units, increased 16%.
Popular Real Estate Terms
Existing state of affairs with respect to the real estate market and conditions. ...
In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more. This is reported ...
Subordinate lien to a previous lien. Generally attached after a previous, and therefore senior, lien has been attached to property. In the event of a foreclosure action where there are ...
Roof having a concave angle. ...
The yield after deduction inflation and its effects. It is the return on investment stated in real purchasing power. ...
A mortgage loan is nothing more than a real estate debt instrument. Acquiring a mortgage loan is the most common method of financing a home in America. The benefits are tremendous and ...
Rating used by lenders and creditors to determine if a credit applicant should be granted credit. It depends on many factors such the applicant's job history, earnings, net worth, etc. Some ...
The term foraging comes from the old germanic language, which passed through Old French “fuerre” and “fourrage” and it means the search for wild food resources. ...
Sometimes, a perplexing legal term (a genuine headscratcher) emerges when buying or selling a property. You know you should know it, but its precise definition escapes you. Today's special ...
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