Days on the market or "DOM" means the number of days between any given property being actively listed as for sale and the eventual contract being signed by the seller of the home and a potential buyer.
This helps gauge whether the market is better for buyers or sellers.
Interested in learning more about the real estate industry? Sign up for one of our April class sessions at tocrres.com/register!
Interested in learning more about the real estate industry? Sign up for one of our April class sessions at tocrres.com/register!
Amortization refers to the process of paying off a loan with regular payments so that the amount you owe on the loan gradually decreases.
Negative amortization happens when the amount you owe continues to rise if you are not covering the interest.
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