Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]

July 23, 2021 The Anderson Team 1 min read

Some Highlights

The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s 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 fuel a move up.
Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together.

3707 E Southern Ave, Mesa, AZ 85206

Anderson Team AZ helps buyers and sellers across the East Valley - Gilbert, Chandler, Mesa, Tempe, Scottsdale and Queen Creek - with local knowledge and a hands-on approach from first showing to closing day.

(480) 900-9140

[email protected]

Quick Links

Brokered by Real Broker AZ, LLC
Each office independently owned and operated. Equal Housing Opportunity. Information deemed reliable but not guaranteed.

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Real Broker AZ, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.