Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty under chattel law or personal property law).
However, in some situations the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring to ownership rights of the land itself.
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
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New home sales show some signs of life, but September sales were still a third lower than year-ago levels. [Read more] |
Home sales rose in September, but prices declined by 9% from a year earlier. [Read more] |
July home prices plunge 16.3% in 12 months, according to the Standard & Poor's/Case-Shiller 20-city housing index. [Read more] |
The S&P/Case-Shiller Home Price Index of 20 cities fell for the 22nd consecutive month. By Les Christie, CNNMoney.com [Read more] |