The Real Estate Industry Is An Industry

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The real estate industry is an industry where consumers can purchase, rent, or lease real estate, manage residential, commercial, and industrial properties, and provide other real estate related services, including appraisals (CITATAION). The demand for real estate is driven by economic growth, personal finance, and rates of employment, interest rates, and access to funds. (CITATION) The return on investment of an individual relies on the value and demand of the property, which are both influenced by the economy. Real estate investors also depend on the amount of investment capital available. Seasoned investors have a competitive advantage based on their financial resources. Beginning investors can compete closely by focusing on local smaller markets within the industry Within real estate investing there are various independent variables and services that collectively contribute to the success and major functioning of one another. The realm of these dependencies within the industry include property and investment management, brokerage services, leasing, valuations, relocation services (CITATION). The entities in need of the above services include, property owners, investors, home buyers, and renters. Real estate investors generally focus in residential or commercial properties. As we dig further into the Real Estate industry we will now focus on the industry itself, the factors that influence the emerging market along with the benefits and risk associated with each

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