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Hazard insurance

The provision of property insurance that covers damage by fire, wind or other hazards.

High density

The concentration of housing units in a specific area or on a specific property.

High-rise

An office building that the Building Owners and Managers Association defines as greater than 25 stories above ground.

Historic structure

A home or building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.

Home equity conversion mortgage

Loans made to older home owners who want to convert equity into money. The borrowers are qualified on the basis of the value of their home and usually receive monthly payments from the lender. The loan does not have to be repaid until the borrower no longer occupies the home.

Home equity loan

A loan that allows owners to borrow against the equity in their homes.

Home rule

The power of a local government to adopt its own land-use regulations.

Housing expense ratio

The percentage of gross monthly income devoted to housing costs.

HUD-1 Uniform Settlement Statement

A closing statement or settlement sheet that outlines all closing costs on a real estate transaction or refinancing.

Some definitions come from the Certified Commercial Investment Member Institute (CCIM).