ghost inventory n.— «All of these empty homes waiting to go to market with no for sale signs in their yard are called ghost inventory. According to Bench, “These ghost inventory homes do not show up on the MLS yet and so almost...
detectorist n.— «Just because you’ve got a metal detector doesn’t entitle you to charge unbidden onto other people’s property, Alan cautions. Detectorists must obtain permission to go onto private turf and must register with public lands...
brickor mortis n.— «Falling house prices have caused property website Rightmove to coin a new phrase. “Brickor mortis” is the paralysing condition caused by sellers refusing to lower prices as they don’t accept their home’s...
cash for keys n.— «Contractors say the damage at vacant homes can be significant, though it is not always clear who the culprit is. It could be an angry homeowner upset about losing a home, but it also could be vandals and thieves...
caravanning n.— «Wilson & Co., like other local real estate firms, hosts broker open houses, a practice also called caravanning. One firm organizes a collective open house in the same area and allows agents who represent buyers or...
drive to qualify v. phr.— «In real estate parlance, families like the McCauslands “drive to qualify” for a mortgage; the big house they want is affordable only in far-out communities.» —“Long commutes, gas prices crimping...