Appreciation refers to the increase in the value of a property over time, driven by various factors including inflation, demand pressures, physical additions, and improvements. Appreciation can significantly impact investment returns and tax obligations.
The Case-Shiller/S&P Home Price Index is a measure developed by economists Carl Case and Robert Shiller for Standard & Poor's Corporation. It tracks the price changes of single-family homes in the U.S. by analyzing repeat sales of properties across various metropolitan areas.
A leading provider of commercial real estate information, analytics, and online marketplaces, delivering real-time data on comparable sales, lease rates, absorption, and construction across various geographic markets.
Demographics relate to the characteristics of a population such as race, sex, age, household size, growth, and density, which influence market trends and demand in real estate. Understanding demographics is essential for developers to make informed decisions about new projects and strategic marketing.
Generation Y, or Millennials, refer to the cohort of individuals born from the early 1980s to the early 2000s. This group is known for its technological savviness, entrepreneurial spirit, and a distinct set of values from previous generations.
A market participant interview is a discussion conducted to elicit opinions from individuals who actively buy, sell, or rent a specific product. This process typically involves a smaller, more knowledgeable sample compared to a random sample or survey.
Market research is the process of gathering, analyzing, and interpreting data concerning market conditions. It plays a crucial role in understanding market trends, identifying customer needs, and evaluating competitive landscapes.
Median price is the house price that falls right in the middle of the total number of homes sold in a particular area, offering a better representation of the market compared to average prices.
RealtyRates.com is a web platform that offers quarterly updates of survey data on capitalization rates for various types of income properties, including investor and developer surveys.
Speculation in real estate refers to investment decisions made based on predictions about the future value of property. This can involve acquiring property with the expectation of selling it off at a higher price after a favorable market change or development.
