The Reality behind Real Estate
Real estate is a form of real property, meaning that it is something you own that is attached to a piece of land. It can be used for residential, commercial or industrial purposes, and typically includes any resources on the land such as water or minerals. Real estate is generally the most valuable asset a person can acquire as it typically appreciates over time. Subsequently, the value of real estate is a leading indicator of an economy’s health. Millions of jobs in home improvement, development, lending, insurance and business are directly impacted by the real estate market. The value of real estate is also reflected in homeownership , rental and property development rates.