Reassessment adjusts a property’s taxable value, often after a sale or improvement.

Transfer tax is charged when ownership of property changes hands.

Capital gains tax applies to profit from selling property, with exclusions for primary residences.

In many cases, yes, subject to IRS limits and personal tax situations.

Property taxes are annual taxes based on assessed value, funding local services.

Absorption rate measures how quickly homes sell in a specific market.

Inventory refers to the number of homes available for sale.

Rising rates often slow demand, while lower rates stimulate buying activity.

A seller’s market exists when demand exceeds supply, favoring higher prices and faster sales.

A buyer’s market occurs when supply exceeds demand, giving buyers more negotiating power.