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Creative financing. In real estate, creative financing is non-traditional or uncommon means of buying land or property. The goal of creative financing is generally to purchase, or finance a property, with the buyer/ investor using as little of his own money as possible, otherwise known as leveraging. Using these techniques an investor may be ...
Tract housing, sometimes informally known as cookie cutter housing, is a type of housing development in which multiple similar houses are built on a tract (area) of land that is subdivided into smaller lots. Tract housing developments are found in suburb developments that were modeled on the "Levittown" concept and sometimes encompass large ...
Virtual Office Website. A Virtual Office Website (VOW) is a web site that is used to conduct business activities. One example is a VOW used as a real estate property search site allowing the public to conduct searches of approved multiple listing service properties in a given area under certain conditions. Also see Virtual company.
Multiple listing service. A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
The 2000s United States housing bubble or house price boom or 2000s housing cycle[2] was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 ...
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. [1] A land boom is a rapid increase in the market price of real property such as housing until they reach unsustainable levels and ...
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