{"id":3677,"date":"2021-07-23T05:00:42","date_gmt":"2021-07-23T10:00:42","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/pop-quiz-can-you-define-these-key-terms-in-todays-housing-market-infographic\/"},"modified":"2021-07-23T05:00:42","modified_gmt":"2021-07-23T10:00:42","slug":"pop-quiz-can-you-define-these-key-terms-in-todays-housing-market-infographic","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/pop-quiz-can-you-define-these-key-terms-in-todays-housing-market-infographic\/","title":{"rendered":"Pop Quiz: Can You Define These Key Terms in Today\u2019s Housing Market? [INFOGRAPHIC]"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/22135655\/20210723-KCM-Share-549x300.png?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Pop Quiz: Can You Define These Key Terms in Today\u2019s Housing Market? [INFOGRAPHIC] | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/22135657\/20210723-MEM.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-44799\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/22135657\/20210723-MEM.png?resize=650%2C1648&#038;ssl=1\" alt=\"Pop Quiz: Can You Define These Key Terms in Today\u2019s Housing Market? [INFOGRAPHIC] | Simplifying The Market\" width=\"650\" height=\"1648\" \/><\/a><span id=\"more-44797\"><\/span><\/p>\n<h3><strong>Some Highlights<\/strong><\/h3>\n<ul>\n<li>The language of buying and selling a home may sound scary at first, but knowing how key terms relate to <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/07\/22\/todays-real-estate-market-explained-through-4-key-trends\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">today\u2019s market<\/a> can help you. For example, current low mortgage rates and higher wages positively impact <a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/housing-statistics\/housing-affordability-index\" target=\"_blank\" rel=\"nofollow noopener\">affordability<\/a> for buyers, while home price appreciation continues to grow <a href=\"https:\/\/www.ftc.gov\/sites\/default\/files\/documents\/one-stops\/real-estate-competition\/realestateglossary.pdf\" target=\"_blank\" rel=\"nofollow noopener\">home equity<\/a>, which sellers can use to fuel a move up.<\/li>\n<li>Terms like <a href=\"https:\/\/blog.firstam.com\/15-real-estate-terms-you-should-know\" target=\"_blank\" rel=\"nofollow noopener\">appraisal<\/a> (what lenders rely on to validate a home\u2019s value) and <a href=\"https:\/\/magazine.realtor\/tool-kit\/rookie\/article\/2020\/02\/real-estate-glossary#!\" target=\"_blank\" rel=\"nofollow noopener\">contingencies<\/a> (which buyers can minimize to make their offer stand out) directly impact the transaction.<\/li>\n<li>You don\u2019t need to be <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/06\/14\/the-right-expert-will-guide-you-through-this-unprecedented-market\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">fluent<\/a> in the language of the market to buy or sell. Instead, let\u2019s connect today so that we can translate the process together.<\/li>\n<\/ul>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3678,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pop Quiz: Can You Define These Key Terms in Today\u2019s Housing Market? [INFOGRAPHIC]&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/pop-quiz-can-you-define-these-key-terms-in-todays-housing-market-infographic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pop Quiz: Can You Define These Key Terms in Today\u2019s Housing Market? [INFOGRAPHIC]&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today\u2019s market can help you. 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