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Residential real estate includes both new construction and resale homes. The most common category is single-family homes, but there are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational homes, and vacation homes.

Commercial real estate includes shopping centers and strip malls, medical buildings, educational buildings, hotels, and offices.

Apartment buildings are often considered commercial, even though they're used for residences, because they're owned to produce income.