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Real estate is land plus any stuff or resources on it. For millions of people, real estate in the form of their homes is the main investment they will ever make, and the single most valued asset they’ll ever own.

The real estate market can have thoughtful impacts on the economy of a nation as a whole, a fact most established during the housing market crash of 2007, which in turn caused the Great Recession (2008-09).

What is Real Estate?

Real estate is a procedure of real property, meaning that it is somewhat you own that is devoted to a piece of land. It can be used for residential, profitable or industrial purposes, and typically comprises any resources on the land such as water or minerals.

Real estate is generally the most appreciated asset a person can obtain as it typically appreciates over time. Then, the value of real estate is a leading pointer 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.

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