A weekly report of actual estate news. In keeping with a December 2017 report from real property web site Zillow, the full value of all U.S. houses in 2017 was $31.8 trillion, more than 1.5 times the nation’s Gross Home Product (GDP) at the time. House possession, often known as owner-occupancy , is the most common sort of actual property investment within the United States. Based on the National Multifamily Housing Council, roughly two-thirds of residents personal their house. Typically, they have financed the acquisition by taking out a specific kind of loan often called a mortgage, in which the property acts as collateral for the debt.
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