Real Estate Industry

Industry Overview History: After the end of Revolutionary warthe US Federal government sold and granted land to private owners Homestead Act was instituted in 1862 People were free to own land in the US More than 300 acres of US public land was distributed

Industry Development The real industry progressed from an agricultural to an American industrial society Industrial revolution boosted the business of real estate Availability of funds, residential and commercial needs booted the real estate industry in America It has become most lucrative sector of American society. Presently the commercial real estate is worth at least 5 trillion USD.

Industry Development Influential factors: Demographics: Composition of the American population including gender, age, income, population growth and migration patterns among others Interest rate : Changes in the rate of interest affects the ability of the Americans to acquire residential property through purchase. Country’s economy Growth of real estate industry has direct relationship with country’s economic growth

Industry Development Government regulation: Government has set forth varied Acts to govern the industry The Federal Housing Administration Act. Sets the standards that have to be followed when constructing and underwriting. The Real Estate Settlement Procedures Act To ensure that the real estate industry’s consumers are provided with the meaningful information

Consumer Market Data Demographics: Population: Income: Age: One of the major aspects is the population size. Income: The median household income is approximately 43,585 USD Age: The median age is 37.3 percent

Competitive Landscape Almost unlimited number of players, however major players are Organization Market Share working years in industry Michigan Realty Solutions 5.531% 11 years Ohio Investments 5.50% 7 years Multifamily Utility Company 5.2% 8 years Pendo Management Group 3.88% 9 years Signature Closers 2.7%