Real estate is an abstract category of “real estate” which includes anything permanent attached to a structure, whether man-made or natural and everything permanently attached to it, such as trees, rocks, buildings, houses, roads, bridges, and fences. Real estate, in its broadest sense, encompasses any piece of land with a property line identifying the boundaries of the plot on which the buildings and homes sit. More specific types of real estate include personal property, business properties, public property, residential real estate, farm real estate, manufactured homes, farm land, ranch real estate, parcel real estate, land trust, partnership real estate, mortgage real estate, partnership real estate, secondary land trust, vacant land, and installment land. In California, practically anything can be labeled as real estate.
The current housing boom in America has resulted in an enormous rise in the number of people buying homes and other property. However, with the incredible number of homes on the market causing many people to become delinquent on their mortgages, the number of properties for sale has also significantly dropped off. The result is that now there are fewer homes for sale on the real estate market, and this has resulted in lower prices for properties being listed for sale. One reason why prices have fallen off the market is because many people are waiting to purchase a home rather than buy a house now so that they do not lose out on the housing boom. Another reason why prices have fallen off the market is the recent phenomenon of the real estate market being characterized by a shortage of truly good residential real estate agents who are able to take advantage of the current real estate boom and help people make good deals.
As you can see, real estate includes a wide variety of things, including man-made structures like buildings, houses, and homes as well as natural ones like forests and rivers. Within the category of real estate are two main categories: land (also known as property) and building. Land includes anything that can be used to build a house such as property in the woods, mountain ranges, deserts, etc… On the other hand, buildings include things such as apartment complexes, condos, townhouses, row homes, and even warehouses. As you can see, properties can be classified according to the way in which they will be used to create a house or apartment such as permanent buildings or man-made ones.