Topic #1 Real estate importance 9/16

Why is real estate important?



Well there is a simple answer: Equity


Here are 2 very helpful links to state why real estate is so important to the economy.

http://real-estate.knoji.com/why-are-real-estate-values-so-important/

Real estate is equity in the form of a house, land, or commercial building. Real estate is a form of cash but less liquid. The benefits of real estate is that it is an investment and can not only make you money, but also help the economy. Real estate plays a huge role in the economy. When real estate halts, such as the "housing bubble burst" recently, it effects the economy in ways of jobs, people buying/selling homes, investment projects, etc. It effects the firms and the consumers in economics.

http://ktrommler.wordpress.com/2010/08/27/why-is-real-estate-so-important-to-our-national-economic-situation/

This link shows how important real estate is through just one transaction. Not only is someone just buying or selling a house, but the real estate agent is making a living, the bank is making interest off loans, and the government makes property taxes. From just one person buying a house, it can effect many more people.