The term “Real Estate” is used to describe property of all kinds. This includes undeveloped land, buildings, air rights above land, and underground rights. A real estate agent will help you buy and sell any type of property. In the United States, the real estate industry is a crucial driver of the economy. In the early days of the country’s founding, the first citizens had only limited voting rights. Now, people can own any kind of property.
In the US, there are several types of real estate. There is residential real estate, which is comprised of new construction and resale homes. Other types of residential property include apartment buildings, condominiums, townhouses, and duplexes. They also include multi-generational and high-value properties. Commercial real estate includes shopping malls, hospitals, office buildings, and hotels. And, of course, apartment building is classified as commercial property.
Residential real estate refers to undeveloped and resale properties. Single-family homes are one of the most common types of residential real estate, but other types include co-ops, townhouses, triple-deckers, and quadplexes. Multi-generational, family-friendly homes, and luxury residences are other types of residential property. And there are also buildings and land used for government use, such as airports.
