Types of Real Estate
The term “Real Estate” covers a wide range of property types. The definition includes ranches, working farms, undeveloped land, and early growth. It also includes the creation of, purchasing, and selling of real estate. The construction of new buildings is a significant component of the gross domestic product (GDP), leading to six percent of all U.S. real estate sales. These properties are used for various purposes, ranging from commercial to residential. Commercial real estate There are many different types…