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
If you are a real estate investor and you come across this term, you might wind up wondering … What is the operating expense ratio? The operating expense ratio (OER) is a way for ...
Worth of the property part which is left subsequent to a condemnation action. ...
Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...
The assessment in real estate definition means the evaluation of a property’s value by an assessor. They are generally required to evaluate the property annually as the assessment is ...
Branch of the federal government responsible for collecting taxes including personal and corporate. The IRS administers tax rules and regulations, and investigates tax irregularities. ...
The minimum age required for legal competency ( in most states 18 years). ...
Wood strip on the top of a baseboard. ...
Prepayment to cover any physical damage other than normal deterioration caused by the tenant. ...
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
Have a question or comment?
We're here to help.