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In line with a December 2017 report from actual estate website Zillow, the overall worth of all U.S. properties in 2017 was $31.eight trillion, more than 1.5 occasions the nation’s Gross Domestic Product (GDP) at the time. Dwelling ownership, also referred to as proprietor-occupancy , is the commonest kind of actual estate funding within the United States. In line with the National Multifamily Housing Council, roughly two-thirds of residents own their residence. Usually, they have financed the purchase by taking out a particular sort of loan often called a mortgage, wherein the property acts as collateral for the debt.
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