Definition of "Shakeout"
Decline in real estate values occurring during economic hardships such as depression or recession. The late 1980s and early 1990s experienced a depressed real estate market. Many office buildings remained totally, or almost totally vacant. One region of the country may be doing well while another is doing poorly. Further, it is possible that even though commercial real; estate values are declining, price of residential homes may be increasing, or vice versa. During a shakeout, huge losses may be experienced by real estate owners with some declaring bankruptcy.
Popular Real Estate Terms
Once of a set of timbers used in the construction of a building or for esthetic purpose, the land around a property for beautification. ...
Effective Age is the counterpart to a property’s Actual Age. While the former refers to the date a property was built, the latter is more of a sensorial depiction of its age; the age ...
One of the many Inflation definitions can be put into these simple words: the result of the general increase in prices over a period expressed as a percentage. Inflation is controlled by ...
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Linear measurement of property abutting a road or water body acting as a boundary market. ...
making land more beautiful to look at by adding improvements such as lawns, trees, and bushes. Increases the value of the property. ...
Map presented to a municipality's planning agency by a real estate developer for consideration and approval. ...
Price at which the seller and the buyer agree to trade real estate on the open market. ...
fee to use a bridge or tunnel. Fee assessed to use someone else's property. ...
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