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For info concerning different boards and commissions, along with actual property appraisers, subdivisions, and timeshares, please visit the Skilled and Vocational Licensing Division website. In keeping with the Key West Affiliation of Realtors MLS a total of 416 single household houses sold in calendar yr 2015. I excluded all product sales east of Shark Key (a complete of 34 product sales) to Inventory Island from the evaluation as I actually feel those homes aren’t located in areas my readers would contemplate as suitable for a for a brand new full time residence or as a second home. The revised number for 2015 reveals 334 single household properties which sold between $200,000 to $5,000,000.

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Based on a December 2017 report from actual estate web site Zillow, the overall value of all U.S. properties in 2017 was $31.eight trillion, greater than 1.5 times the nation’s Gross Home Product (GDP) on the time. Home possession, often known as owner-occupancy , is the most common sort of real property investment in the United States. According to the Nationwide Multifamily Housing Council, roughly two-thirds of residents personal their home. Often, they have financed the purchase by taking out a selected type of loan known as a mortgage, wherein the property acts as collateral for the debt.

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