Urban Economics

Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...

See before-tax cash flow; cash flow. ...

The term’s balance sheet definition can be described as a financial statement that a company uses to report its liabilities, assets, and shareholders’ equity at a given time. A ...

Obligation taken on by a person who did not obtain it originally, but agrees to honor the terms of the existing obligation as a condition for the transaction. By assuming the loan rather ...

Individual who has the initiative to star an enterprise. The entrepreneur usually hires people to work for him. ...

Unimproved property. It has no utilities, sewers, streets, or structures and usually must be cleared. ...

Expenditures incurred to initially purchase property, including incidental costs necessary to put the property into existing use and location. This cost is then depreciated over the assets ...

Items of real and personal property that usually have a long life, such as housing and other real estate. ...

Sarasota FL is a beautiful city located in southwest Florida, on the beautiful coastline of the Gulf of Mexico. You might be asking yourself what is so special about this city or what is ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...

“What states allow tiny houses?” – that’s a very simple question that yields a very complicated answer.And that’s because: Building codes vary not only from ...

Within the Chesapeake Bay in Maryland lies the charming city of Annapolis, MD in Anne Arundel County. It is one of the most desirable places to live in and people argue that it is one of ...

The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...

Wondering what is the difference between a condominium and an apartment? Well, differently from the difference between an apartment and a flat, this one is not so much related to word ...

Back in 2018, the city of Houston Texas had a population of about 2.33 million people, and the population of the Greater Houston metropolitan area was estimated to be a little under 7 ...

Florida is for many people one of the most desired places for a vacation and for good reasons. The state of Florida holds attractions that are unique in the country. The climate makes for ...