Residential Real Estate
Residential real estate is housing: owner-occupied and rented homes, and the development and financing behind them.
Why It Matters
Housing costs shape wage demands, labour mobility and political pressure, which makes it an economic policy question as much as a market.
Related Terms
- MortgageA mortgage is a loan secured against property, repaid over a long period, where the lender can take the property if payments stop.
- Property MarketThe property market is where land and buildings are bought, sold and let, and where prices are set by supply, credit conditions and demand for space.
- Real Estate DevelopmentReal estate development is the process of taking land through planning, financing and construction to a finished, occupied building.
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