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REAL ESTATE TERMS AND DEFINITIONS
Rate lock
A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost.
Real estate agent
A person licensed to negotiate and transact the sale of real estate.
Real Estate Settlement Procedures Act (RESPA)
A consumer protection law that requires lenders to give borrowers advance notice of closing costs.
Real property
Land and appurtenances, including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof.
RealtorĀ®
A real estate agent, broker or an associate who holds active membership in a local real estate board that is affiliated with the National Association of Realtors.
Recorder
The public official who keeps records of transactions that affect real property in the area. Sometimes known as a "Registrar of Deeds" or "County Clerk."
Recording
The noting in the registrar's office of the details of a properly executed legal document, such as a deed, a mortgage note, a satisfaction of mortgage, or an extension of mortgage, thereby making it a part of the public record.
Refinance transaction
The process of paying off one loan with the proceeds from a new loan using the same property as security.
Remaining balance
The amount of principal that has not yet been repaid. See principal balance.
Remaining term
The original amortization term minus the number of payments that have been applied.
Rent loss insurance
Insurance that protects a landlord against loss of rent or rental value due to fire or other casualty that renders the leased premises unavailable for use and as a result of which the tenant is excused from paying rent.
Repayment plan
An arrangement made to repay delinquent installments or advances.
Replacement reserve fund
A fund set aside for replacement of common property in a condominium, PUD, or cooperative project -- particularly that which has a short life expectancy, such as carpeting, furniture, etc.
Revolving debt
A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services. The borrower is billed for the amount that is actually borrowed plus any interest due.
Right of first refusal
A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
Right of ingress or egress
The right to enter or leave designated premises.
Right of survivorship
In joint tenancy, the right of survivors to acquire the interest of a deceased joint tenant.
 
NATIONAL HOUSING INDICATORS
Homeownership Rate
Release Jan 31, 2017
New Residential Sales
Release Mar 23, 2017
592,000
+6.1%
Rental Vacancy Rate
Release Jan 31, 2017
Homeowner Vacancy Rate
Release Jan 31, 2017
READ MORE
NEIGHBORHOOD DEMOGRAPHICS
HOUSING STATISTICS
Features the total number of households, homeownership rate, citizenship status, median housing price, median income, education level and poverty level.
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AREA CRIME RATE
The total rate of violent crime for the population, including details on homicide, forcible rape, aggravated assault, burglary robbery, vehicle theft, and murder rates.
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SCHOOL INFORMATION
A school score card reports on individual school performance, student's reading and math ratings, in comparing the county and state averages. Read more >
LOCAL RENTAL STATISTICS
Provides information on the neighborhood rental market, including rental rates, rental price based on number of bedrooms and current rental rate. Read more >
local crime report
NEARBY SALES ANALYSIS
Provides the local sales within price ranges, price per square footage, number of bed(s)/bath(s) and total number of homes sold within each price range.
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local school information
LISTING & TRENDING ANALYSIS
An analysis of the housing market reports on locale as a buyer's or seller's market. Also features a market-trending indicator. Read more >