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Real Estate Market in US - Essay Example
Industry Overview: The Real Estate business is considered to be more of linked to the land. But in recent times the business has expanded to sectors like buying, selling, renting, leasing, and management of commercial, residential, agricultural, and other kinds of property, including all the functions that support such activity, such as appraising and financing…
Working of the Real Estate Markets: Real estate investment trusts (REITs) have become major sources of financing for property acquisition and development. Sources of financing have been steadily moving from cabals of private investors to public equity, in the form of REITs. With this shift has come more transparency in the market and a slow whittling away of the old boys network for which real estate investment is infamous. This transparency also shines a critical light on investment strategies, which are now subject to public scrutiny, and are therefore more accountable to the will of investors.
process. Residential real estate agents have traditionally provided a bundle of services to both buyers and sellers. For example, the local multiple listing service (MLS), which is a directory of listings typically maintained and paid for by local real estate firms, enables sellers to list their properties and buyers and agents to view these properties. Agents also often help with marketing a house through advertising and open houses, negotiating a price, and addressing contracting and closing issues. Examples include helping with inspections, mortgage insurance, and financing, to mention a few.
Role of the Real Estate Market in the Society: The real estate mar ...