Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. Reference: ”The American Heritage Dictionary of the English Language, Fourth Edition.” Houghton Mifflin Company, 2004. [http://dictionary.reference.com/browse/en%3Areal%20estate Dictionary.com] Retrieved July 12, 2008.
Greg Rand (@gsrand, CEO of OwnAmerica, and host of “Rand on Real Estate” on 770 WABC, discusses with a caller the reality that banks are not tightening their lending standards; they are just following the standard…