Real estate glossary

How easily a property can be sold without a large price discount.

Rental income compared with the purchase price and ownership costs.

Furnished rentals for short stays, often regulated separately from long-term leases.

Recurring association payments for shared building or community costs.

Recurring local taxes based on assessed property value.

A privately owned unit in a building or community with shared common areas.

A housing structure where buyers own shares in a corporation rather than the unit directly.

Physical and insurance risks linked to floods, storms, heat, fire, or terrain.

A globally recognized market with deep capital, travel, and buyer demand.

A broad southern US growth region often associated with migration and job growth.