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"Real Estate"

By Kimberly Amadeo, About.com

Definition: Real estate is a broad term than refers to:

  • Residential new homes and existing (resale) homes,
  • Commercial shopping centers and offices,
  • Industrial and manufacturing buildings and property,
  • Vacant land and farms.

Also Known As: Housing, land, commercial, property

Examples: Everyone who owns their own home owns real estate.

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