Blockbusting is a racially discriminatory and illegal practice wherein a party coerces a homeowner to sell their property to someone of a minority race or ethnic background, and then uses scare tactics to cause other homeowners in the neighborhood to sell at depressed prices.
Empty nesters are couples whose children have left the family household. This demographic forms an important segment of the housing market due to their tendency to downsize their living spaces. As a result, they drive demand for smaller housing units.
Fair Market Rent (FMR) is the estimated amount of money a given property would likely command if it were available for lease in the current open market.
The FHFA House Price Index (HPI) is a measure of the movement of single-family home prices in the United States, compiled by the Federal Housing Finance Agency (FHFA). The index is based on data from loans held by the home mortgage Government-Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac.
Filtering down is a process whereby, over time, a housing unit or neighborhood is occupied by progressively lower-income residents. This transition often involves older residences that were once occupied by the upper classes.
A Home Price Index (HPI) is a measure that tracks the changes in residential properties' prices over time. It provides an overview of the housing market's price trends, pegged to a base value rather than indicating average or median home prices in dollar amounts.
The homeownership rate is the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area. In 2010, the homeownership rate for the United States was 66.9%, indicating the proportion of all households owning the home in which they lived.
An essential economic indicator that measures the capability of an average household to afford a home in a specific region. Primarily used to assess housing market conditions.
Marginal property refers to real estate that is barely profitable to use. The concept often applies to land that can produce income, but only by the smallest of margins when comparing production costs to revenue.
The Market Comparison Approach, also known as the Sales Comparison Approach, is a method used in real estate appraisal to determine the value of a property by comparing it to similar properties that have recently been sold in the same area.
The OFHEO Price Index, also known as the FHFA House Price Index, is a home price index compiled by the Office of Federal Housing Finance Agency, based on data from loans held by government-sponsored enterprises (GSEs).
The real estate market refers to the potential buyers and sellers of real property at the current time, as well as the current transaction activity for real property. This includes markets for various property types, such as housing market, office market, condominium market, land market.
The S&P/Case-Shiller Index, also known as the Case-Shiller/S&P Home Price Index, is a widely respected measure of the U.S. residential housing market. It provides crucial insights into home price trends across major metropolitan regions, thereby influencing both market participants and economic policy makers.
A spec house is a single-family dwelling constructed by a builder or developer in anticipation of finding a buyer. It is built speculative, without having a specific buyer signed before construction starts.
The Standard & Poor's Case-Shiller Home Price Index tracks changes in the value of the residential real estate market, measuring the health and fluctuations in property values in various regions across the United States.
