The Success Of Real Estate Industry

Real estate is a wide-ranging field. It consists of different types of jobs which are: advertising sales agents, appraisers and assessor of real estate, financial analyst, market analyst, mortgage loan officer/ lender, investment adviser, Insurance agent/broker, real estate broker and plenty more. An advertising sales agent is one who sells advertising space to businesses and individuals. They work in variety of industries, which include radio, television, advertising agencies, and internet publishing. Appraiser and assessors estimate the value of land and buildings on the land generally before it’s sold, taxed, developed, mortgaged, or developed. Financial analyst supply guidance to businesses and individuals making investment decisions like the performance the function of stocks, bonds and other things. Market Analyst determine what products a company must generate and in what ways they should sell them. A mortgage loan

Real estate is a legal term that includes land along with anything permanently affixed to the land such as buildings, fences and things attached to the buildings, such as plumbing, heating, and light fixtures. The properties not affixed are regarded as personal property.

2003). Abraham Levitt, a prominent builder, understood the importance of providing housing to people of every income range and he responded to the situation by constructing rows of identical four room apartments at Long Island, New York, that were offered to veteran war soldiers for only $60 a month (Jackson. 1985; Clapson. 2003). Levittown, the mass housing facility designed and constructed by Levitts, was vehemently criticized by architects for producing homogenous and suffocating environment and being antithetical to lofted architectural principles (Jackson. 1985). But the critics ignored the fact that, Levitt could not incorporate the lofty and stylist architectural designs that were hallmark of most of Victorian style villas and bungalows and yet produce houses on mass scale, in quick time and provide them for sale at most affordable prices. His aim was to construct the best houses at least cost to provide most economical housing. The fact was that Levitt had successfully fulfilled the demands and dreams of many Americans of owning their own house.

time of economic growth in the United States. Income rates were increasing while consumer credit was also growing. There were technological advances being developed and change was occurring within the Suburbs which led to an increase of automobile sales. A man named William J. Levitt changed the image of housing. Instead of building houses that would take months he found a way to shorten that time frame to a couple of weeks by buying pre assembled materials. Levittown’s began springing up which were large pieces of land filled to the brim with houses that all looked alike. This helped make it easier to buy homes, but some complained the houses were all too

Though it is carefully associated to real estate expending, the distinction is still evident. Real estate investing can be too overwhelming for a regular residence owner who needs to invest on something lucrative. Moreover,

REITs are securities that invest its major funds in real estate to produce income and distribute its majority of returns to their shareholders. Many individuals are interested in investing in stocks whereas some are interested in investing in real estate. REITs provide a combination of both by the individuals that are investing in securities and later on the trust will be investing in real estate. (Pagliari, 2005, 158)

After WW2 ended, a housing shortage followed, partly since veterans were home and partly because of the high birth rates that occurred after the war. Many Americans were living with their parents, or in unsuitable conditions for themselves and their families. Levittown was a dream come true for many who were struggling. Not only were houses being built, but they were being built fast and were affordable for most of those in need. The houses were manufactured using 27 steps in which

Each house had two bedrooms, one bathroom, and no basement. The kitchen was situated near the back of the house so mothers could keep an eye on their children in the backyard. Within one year, Levitt was building 36 houses per day. His assembly-line approach made the houses extremely affordable. At first, the homes were available only to veterans. Eventually, though, Levittown, was open to others as well. By 1960, more Americans lived in suburbs than in cities; because few new homes were built during the war years, the country faced a housing shortage. Another reason for moving to the suburbs was the baby boom. After World War II came to an end, the United States experienced unprecedented population growth, known

The result of the early 2000s real estate boom left a lot of homeowners around the United States practically homeless as the end of the decade long real estate boom collapsed. Many middle class families found themselves moving back home with parents and moving in with relatives. Those were the fortunate ones. The majority of the homeowners affected by the collapse of the market were left with wondering where they would end up living. With absolutely no help from their banks and the threat of an imminent foreclosure, homeowners were forced to abandon their properties.

The new construction market in the mid 2000’s was flourishing. People saw building a home as an opportunity for a solid investment because prices and rates were so low that certain homes could depreciate extremely slowly. However, there would be a negative effect from all this low-cost new construction and few were aware of just how devastating it would be to the new construction market.

The housing market is important as it has the strong impact on financial system, which affects the capital availability, which finally affects the real estate markets. Experts say that a booming housing market gives people confidence and encourages spending. If value of houses keep on increasing the house owners are more likely to spend. People will also need more consumers durable if they are moving or buying homes, eg. Washing machines, wardrobes, carpets, etc. So, this clearly gives idea why housing market is important for the country. (why the national housing market is so important- http://knakalstreetwise.wordpress.com/2009/04/08/why-the-national-housing-market-is-so-important )

Housing is a basic need of every human beings, it provides security, pride and ownership. It has great significance in human life. One does not require shelter for protection against natural elements and hostile weather, but also for maintaining standard of family and society. It is one of the significant indicators of urban growth and economy of a particular city. Real estate is a legal term that encompasses land along with the improvements to the land, such as buildings, fences, walls and other site improvements that are fixed in location-immovable. Real estate is often considered synonymous with real property (also sometimes called realty), and housing is one component of real estate. Real estate covers both commercial

Government policies and subsides have a sizable impact on property price, and demand. The government can temporarily boost demand with tax credits, deduction and subsidies. From the customers point of view

In America, sprawl became much more noticeable in the 1950s. The first noticeable and prominent example of the growth of the suburbs in America is Levittown, built in 1948 on Long Island, New York. This community was advertised and intended for post-war America and for returning veterans and their families. Americans perceived it to be a new and cheap housing community, and the houses and communities were attractive to the new residents, with many of them coming from urban areas (Hales). People sought to escape the

“Marketing is not a function; it is a way of doing business . . . marketing has to be all pervasive, part of everyone's job description, from the receptionist to the board of directors.”