Excess condemnation sounds like a bad thing, but it’s actually meant to benefit homeowners whose land is condemned. Excess condemnation occurs when a government or other public authority takes more private property through eminent domain than is strictly...
A bullet loan may sound a bit violent, but don’t worry, there’s no need to call emergency services (unless you count your stock broker as an emergency contact). A bullet loan is a type of loan in which the borrower makes relatively small payments,...
Shadow inventory sounds sinister, and it certainly may feel that way if your own home is involved. Shadow inventory refers to residential properties that are often distressed or in foreclosure that are likely to enter the real estate market but are not currently...
Can you spot the major mistake made by a real estate agent and their buyer in the following interaction? Agent: “This porch seems to be in surprisingly good condition, and I love the color of the front door” (gestures at the eggplant-colored door in front...
Why are we all pretending that the real estate market is supposed to make sense? For years, I’ve been reading articles describing the national housing market as “weird,” articles with titles like “Weirdest Housing Market in Recent...
