The Real Estate Market | United States

A static property, comprising of land and other natural resources on it with vested interest of someone in that property, is termed ‘real estate’. The market remains volatile and unique due to years of economic slowdown, yet the housing prices have appreciated, with an overall 5.6% rise nationwide. For medium to large markets, the competition is not much, with KellerWilliams and RE/MAX being two of the top players. Small markets, on the other hand, have larger competition. Residential brokerage has low levels of barrier for entry, but the technological advancement has cut the middleman to a great extent. The competition is steep and professionals offer a complete look into the property online, to tap into more potential customers.

The real estate industry in the US has generated revenue of USD 200 billion in residential and USD 35 billion in commercial space as of 2017, with a CAGR at 2.5%. The entire worth of the housing value has risen by 200% from share of the national income. The aggregate value of all the privately-owned land is worth of USD 15 trillion. Globally, the realty industry was valued USD 217 trillion in 2016, and the momentum of growth in developed and emerging nations has been solid despite the political and economic tensions.

Housing sale prices have gone up by 5.3% in 2017 and the average home value is projected to rise by 3.2% from November 2016 to November 2017, with volatile mortgage values. Together, the commercial and housing real estate numbers in 2012 were USD 8 trillion, expected to be USD 11 trillion by 2020.

The latest R&D adopted is to compare the property products from commercial real estate view, developing think tanks to devote time on designs, material quality, technological empowerment and prototypes. Due to rising environmental challenges and growing raw material prices, eco-friendly products are being used more to evolve the construction quality and enhance the overall realty market for the future.

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KellerWilliams

  • Country : United States
  • Turnover :
  • Position : Founded in 1983,, Keller Williams is one of the largest franchises, with over 790 branches nationwide, and achieved 90% profits.

RE/MAX

  • Country : United States
  • Turnover :
  • Position : Established in 1973, RE/MAX is in 90 countries and provides the most productive agents.

Century21

  • Country : United States
  • Turnover :
  • Position : Founders in 1971 and leaders of e-marketing, globally Century21 has a global over 1,00000 associates.

Coldwell Banker

  • Country : United States
  • Turnover :
  • Position : Founded in 1906, Coldwell Banker has its presence in 50 countries and offers one of the best real estate services.

Sotheby’s International Realty

  • Country : United States
  • Turnover :
  • Position : Founded in 1976, Sotheby’s has very high net worth clientele.

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