Global Industry Overview: Real Estate
The real estate industry encompasses a broad range of businesses involved in the development, transfer, and management of real property. Major segments include developers, property managers, and real estate agents and brokers. For discussion of new building construction, see also Construction, Residential Building and Construction, Nonresidential Building.
Industry Snapshot
Historically, real estate has been a cyclical industry in which property values often mirror the fluctuations and conditions of national and global economies. The U.S. economy suffered downturns in both the early 2000s and the late 2000s, and a similar lack of verve...