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According to a December 2017 report from actual property website Zillow, the entire value of all U.S. homes in 2017 was $31.8 trillion, more than 1.5 occasions the nation’s Gross Domestic Product (GDP) on the time. Home ownership, often known as owner-occupancy , is the most typical sort of real estate investment in the United States. In response to the Nationwide Multifamily Housing Council, roughly two-thirds of residents own their residence. Usually, they have financed the acquisition by taking out a selected kind of loan referred to as a mortgage, during which the property acts as collateral for the debt.
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