Real Estate Careers

About Real Estate Field:

Real estate is solid and concrete field. Real estate encompasses a piece of land, structure or building on that land. Each of us is associated with real estate in some or other way. Places where we work, live, shop, vacation and exercise come under real estate field. All such places or assets are bought, sold or rented. The real estate sector is one of the active fields in the economy of U.S.

The real estate sector depends heavily on numerous economic factors. A small swing in economy can affect real sector considerably. For instance, real industry is helped with the boom in technology industry in the 1990s. Such boom in the technology industry increased demand for residential as well as commercial spaces. The subsequent bust in technology affected real sector radically.

Real estate firms in commercial sector are involved in the development office and retail projects. When the market is having excess spaces, prices go down. Residential sector is also affected by the changes in economic condition as well as federal interests rate. Any change in federal interest rate affects mortgage interest rates as well as rate of the unemployment which in turn affects confidence of the customer and their buying capability.