Key Terms in Today's Housing Market

Dated: July 25 2021

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Pop Quiz: Can You Define These Key Terms in Today's Housing Market? [INFOGRAPHIC]

Pop Quiz: Can You DefineThese Key Terms in Today's Housing Market? [INFOGRAPHIC] | MyKCM

Some Highlights

  • The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today's market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up.
  • Terms like appraisal (what lenders rely on to validate a home's value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
  • You don't need to be fluent in the language of the market to buy or sell. Instead, let's connect today so that we can translate the process together.

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Melissa Belk

My name is Melissa Belk. I'm a licensed Realtor® in the Charlotte, North Carolina area. I am a Union County native and believe North Carolina to be the best state to live in! I was born into an ent....

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