Residential real estate refers to properties designed for people to live in, including single-family homes, apartments, and condominiums. This sector of the real estate market is vital for providing housing and is influenced by factors such as location, market demand, and economic conditions. Investing in residential real estate can be a lucrative opportunity for individuals and families. It often involves buying, selling, or renting properties, and can provide a steady income stream through rental payments. Understanding the local market and property values is essential for success in this field.