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A weekly report of actual estate news. According to a December 2017 report from real property website Zillow, the overall worth of all U.S. properties in 2017 was $31.eight trillion, more than 1.5 instances the nation’s Gross Domestic Product (GDP) on the time. Dwelling ownership, also known as owner-occupancy , is the commonest type of actual property funding within the United States. Based on the National Multifamily Housing Council, roughly two-thirds of residents own their dwelling. Typically, they have financed the acquisition by taking out a particular type of loan known as a mortgage, by which the property acts as collateral for the debt.
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