The primary valve that halts the flow of water from the water meter into a home.
Maintenance fee
The monthly assessment members of a homeowners association pay for the repair and maintenance of common areas.
Managed-competition lots
Lots in which buyers choose between one of several builders.
Mansard roof
A roof with four sides that slope upward from the roof edge to the square peak.
Mantel
The facing of stone, marble or other material around a fireplace.
Manufactured housing
Prefabricated homes that can range from simple trailers to larger dwellings.
Margin
The lender's "retail markup" on the mortgage. For example, if the index rate for an adjustable rate mortgage is 5 percent but the lender has a 2.5 percentage-point margin, the rate the borrower will pay is 7.5 percent.
Market conditions
Factors affecting the sale and purchase of homes at a particular point in time.
Market value
The price that a piece of property sells for at a particular point in time.
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