The real estate market in the United States is experiencing a boom in the present economic environment, which has resulted in a number of real estate investment opportunities. Real estate is land consisting of the buildings and land on it, and its accompanying natural resources like water, plants or minerals; immovable real estate including residential houses, apartment buildings, row homes, condos, retail properties, structures designed for business, vacant land, manufactured homes, structures used for agricultural purposes and any other type of real estate owned by individuals, institutions, businesses or governments. Real estate market is the term given to the real estate market in the United States, and it is much larger than the real estate market in the European Union (Eu) due to the fact that there are more real estate investments in the U.S.A. The term ‘real estate’ can also be used to refer to land and other immovable assets. ‘Residential real estate’ includes houses, apartments, condominiums, townhouses, row houses and private housing.
In the context of the real estate market, the term ‘new buildings’ refers to the ones that have been constructed since the previous owner has ceased trading, and therefore is no longer involved in the real estate market. This category includes single-family residences, condominiums, townhouses, developments designed for commercial purposes and newly built residential houses, apartments, and other types of new buildings. ‘ousing services’ refers to the housing services offered by public schools, nursing homes, assisted living, and other similar services. This category also includes the provision of short-term and temporary shelter such as hostels and hotels.
In addition to this, the term ‘Absentee proprietor’ refers to the people who buy or construct new buildings, but do not live in them. They include the landowner who has abandoned his building and sells the vacant land to the purchaser. The third category, ‘Residential real estate markets’ refers to the segment of real estate markets where new houses are constructed on the basis of an existing structure; the existing buildings represent the supply of existing dwellings.