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Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Southern I-House style home. An I-house is a two or three-story house that is one room deep with a double-pen, hall-parlor, central-hall or saddlebag layout. [15] New England I-house: characterized by a central chimney [16] Pennsylvania I-house: characterized by internal gable-end chimneys at the interior of either side of the house [16]
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
In US real estate, urban planning, and especially firefighting, a taxpayer refers to a small one or two story building built to cover the owner's annual property tax assessed for owning a parcel of land. [1] Taxpayers are most commonly mixed use structures with commercial occupancies on the first floor and residential use above.
It is less land-efficient than a two-story house but more efficient than a bungalow. Most sidesplits have a crawl space that is half the size of the house such that the foundation is the same for both halves of the "split" house. Some others may have a split foundation with a full basement below even the lower main living area.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
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Multiple communities, like in California and Virginia, have few residential lots available; thus, those builders who acquire them are likely to build a luxury house. In 2014, 32% of the new houses being built had 3,000 sq ft (280 m 2) or more of floor space, and the average size of new construction had increased to over 2,600 sq ft (240 m 2).