Buyer’s Market: Learning Everyday Real Estate Terms

Learning Everyday Real Estate Terms 
There is a lot of talk about real estate these days and much of it is the result of many markets shifting to a Buyer’s Market. 
So what is a Buyer’s Market? 
A real estate market is considered to be in a Buyer’s Market when the inventory level is above 7 months.  This means that [...]

Inventory Level: Learning Everyday Real Estate Terms

Learning Everyday Real Estate Terms
A local real estatemarket’s inventory level is another important gauge for pinpointing market trends.  In real estate, inventory refers to the number of homes that are currently for sale.  Homes for sale are often referred to as actives or currents. 
Inventory Levels are measured in months (e.g. there are 14.3 months of inventory).  [...]

Absorption Rate: Learning Everyday Real Estate Terms

Learning Everyday Real Estate Terms
Clean that Mess UP! 
The absorption rate is an important market gauge.  Here is a word picture to help you understand what the absorption rate is. 
Imagine you spill a glass of water onto a table.  What is your first reaction?  Grab a towel to absorb the water.  In real estate, the water is [...]

Learning Everyday Real Estate Terms

I want to introduce a theme I will be writing around.  In this blog, instead of breaking down the meaning of real estate terms within each post, I am going to embed a link to a post where I clarify the meaning of the term. 
These posts are titled like this: 
“Absorption Rate:  Learning Everyday Real Estate Terms“. 
I [...]