The real estate industry impacts the economy in a major way. It leads millions of

jobs in home improvement, development, lending and insurance, while influencing

homeownership, rental and property development rates. There are many different

facets of the real estate industry, and each contributes to its growth and success.

Real estate is land and anything that can be built on it, including buildings, roads,

utilities, and air rights above the property. This can include undeveloped or raw

land, as well as developed areas that have buildings on it like malls and apartment

complexes. Real estate also includes the sale, purchase and exchange of these

properties, along with a variety of real estate related services.


Those in the real estate industry are known as professionals and often have

specialized training and licenses. There are a few different types of professionals in

the industry, including agents, brokers, and developers. A real estate agent must be

licensed to sell properties, while a broker has a higher level of licensing and can

supervise other agents. A developer is a professional who creates and builds

properties, while a commercial real estate broker handles the sale of retail, office

and industrial property.


Residential real estate is property used for housing, and it is the most common type

of real estate. This category includes new construction and resale homes, as well as

multi-family units like townhouses and duplexes. It also encompasses

condominiums, co-ops and other shared housing options. It can even include highvalue

homes and vacation houses. Commercial real estate includes shopping

centers and strip malls, as well as medical and educational buildings, hotels, and

offices. Apartment buildings are often considered commercial, even though they’re

used for housing, because they are owned to produce income.

Another important aspect of the real estate industry is the ability to purchase and

sell land for agricultural purposes. Farmers and ranchers use this type of real estate

to grow crops and raise animals, which can then be sold for food or other products.

This type of real estate is often a good investment, since it typically increases in

value over time.


The real estate market can be impacted by a variety of factors, including economic

trends and local employment opportunities. For example, a rising unemployment

rate may lead to fewer people buying and selling property, while a low interest rate

could boost the number of homeowners who are able to afford mortgages. In

addition, the real estate industry is influenced by things like new construction and

existing home sales data.

As a result, those who are interested in the field should stay up-to-date on current

news and statistics. By doing so, they can make more informed decisions about

whether or not it is a good time to buy or sell property. Those who work in the real

estate industry should also take the time to build genuine relationships with those in

their networks. One way to do this is by handing out personalized business cards,

which can help them stand out from the competition and give potential clients or

employers a memorable contact information. VistaPrint makes it easy to create

custom business cards that will get noticed.