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Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
The term wainscot (UK: / ˈ w eɪ n s k ə t / WAYN-skət or US: / ˈ w eɪ n s k ɒ t / WAYN-skot) originally applied to high quality riven oak boards. Wainscot oak came from large, slow-grown forest trees, and produced boards that were knot-free, low in tannin , light in weight, and easy to work with.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
The economics of real-estate used for residential purposes; see Real estate economics. Real estate business - buying, selling, or renting real estate (land, buildings, or housing). The problem of assigning indivisible items (such as houses) to people with different preferences such that each person receives a single item; see House allocation ...
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A property cycle is a sequence of recurrent events reflected in demographic, economic and emotional factors that affect supply and demand for property subsequently influencing the property market. [1] [2] Cyclical patterns are a well-documented and consistent feature of housing markets. [3]
Wainscoting is a broader term that describes any type of molding (beadboard, board-and-batten, and V-groove are among some of the common types) that covers a portion of a wall.