Real estate refers to property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water. It also includes the rights associated with the ownership of this land, such as the right to use, sell, lease, or develop the property.

Residential Real Estate

This includes properties where individuals and families live, such as houses, apartments, condominiums, and townhouses.

Commercial Real Estate

This covers properties used for business purposes, like office buildings, shopping centers, hotels, and warehouses.

Industrial Real Estate

These are properties used for manufacturing, production, distribution, and storage, such as factories and industrial parks.

Land

This category includes vacant land, farms, and ranches. Land can be developed for various uses, such as residential, commercial, or agricultural purposes.

Real estate plays a crucial role in the economy and is often seen as a stable and long-term investment. It involves buying, selling, renting, and managing properties, and it can be influenced by factors like location, market trends, interest rates, and economic conditions.