Residential construction activity as measured in dollar value or number of units.
Residential listing
List of available dwelling units, such as houses and condominiums.
Residential lot
Subdivided acreage that has utilities, such as sewers, water, electricity, etc. installed and is ready to build upon.
Residential market
The availability of homes and condominiums in an area.
Residential member (rm)
Title, given by the American Institute of Real Estate Appraisers, to persons who have expertise in valuing homes and condominiums.
Residential mortgage
Loan given for the purchase of a dwelling for which a lien on that property was given.
Residential private investment
Private people and businesses investing in residential properties.
Residential property
(1) Owner-occupied houses or condominiums. (2) Income tax purposes - To qualify as residential, at least 80% of the income from a building must be derived from dwelling units of a non-transient (hotel/motel) nature.
Residential rental property
Property that derives at least 75% of its income from residential units.
Residential sales council
An affiliate of the Realtors National Marketing Institute of the National Association of Realtors, which provides promotional and educational material for members, most of whom are involved in residential real estate sales or brokerage. Address: Residential Sales Council, 430 North Michigan Avenue, Chicago, Illinois 60611.
