1. Real Estate Industry

2. 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

3. 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.

4. 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

5. 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

6. 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

7. 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%