real estate


A piece of land, including the air above it and the ground below it, and any buildings or structures on it. Real estate can include business and/or residential properties, and are generally sold either by a relator or directly by the individual who owns the property (for sale by owner). In most situations in the United States, real estate is a legal designation, and is subject to legislation.also called realty.

Use real estate in a sentence

The value of homes and mortgages in an area can determine the situation of the real estate market in the same area.

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Everyone who lived in Jamestown said the best piece of real estate in the county was the Jameson mansion at the top of Peak's Hill.

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In the immediate aftermath of the financial crisis of 2008, the United States real estate market was in shambles as mortgage borrowers defaulted on their loans en masse, which caused residential property values to plummet.

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