Bubble

Definition

What everyone says the real estate market is in right before it pops. Also what it was called right before it went up another 30%.

Example Usage

Real estate experts are predicting a bubble, which is exactly what they said five years ago when prices were half what they are now.

Source: Real estate market analysis terminology

Related Terms

Intermediate

kickout clause

A contingency allowing sellers to accept backup offers and 'kick out' current buyers if they can't remove their contingencies fast enough. The real estate equivalent of keeping your options open while dating.

🏠 Real Estate

Intermediate

conservancy

An organization dedicated to preserving natural resources, land, or historical sites through acquisition, management, and protective agreements—basically wealthy nature lovers buying up property so developers can't turn it into strip malls. These groups use conservation easements, donations, and purchases to maintain ecosystems, wildlife habitats, and scenic areas. It's environmentalism with a real estate portfolio.

🏠 Real Estate

Intermediate

Jumbo Mortgage

A loan exceeding conforming limits, charged higher rates and requiring pristine credit, the luxury tax of mortgages.

🏠 Real Estate

Advanced

phantom rent

The theoretical rental income from a vacant unit that's factored into pro forma projections but not actually being collected. It's the imaginary money that makes cap rates look better on paper than they are in reality.

🏠 Real Estate

Intermediate

burden

Any claim, lien, charge, or liability attached to property that diminishes its value or restricts its use—essentially the baggage your real estate comes with. These encumbrances can include mortgages, easements, restrictions, or unpaid taxes that follow the property regardless of who owns it. Think of burdens as the property's credit score problems that become your problems.

🏠 Real Estate

Intermediate

dual agency

When one agent represents both buyer and seller in the same transaction, creating a conflict of interest wrapped in a commission opportunity. It's like having the same lawyer represent both parties in a divorce.

🏠 Real Estate

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