Real estate is an important part of the business world and forms a huge and highly popular industry. All over the world and for all economies, real estate industry holds a lot of importance and is extremely crucial. While at some places, the real estate property prices are minimal while at some locations, the property prices are touching the sky. If one looks at real estate industry closely, then a lot of interesting facts and statistics can be found out. For example, in Texas, the real estate property price per square foot is as less as $54 while the highest is in France at a whopping $3287! Let’s find out more facts about real estate.
1. Cheapest Real Estate In The World
The property rate for per square foot is lowest in Santiago at $160 whereas the highest is in France at $3287. Within US, the lowest per square foot rate of property is in Houston, Texas at $54 whereas highest is in New York at $1068.
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2. Calgary Real Estate Report
Calgary real estate scene is breaking new records! Compared to last month, homes are selling 3.03% faster whereas compared to a year ago; homes are selling 20% faster. As far as active listings are concerned, compared to last month, there are 8.63% more active listings.
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3. Economy, Real Estate And Relocation
Economy cited more often as a reason for maintaining an increasing relocations, less often cited as reason for decrease. Full reimbursement on the upswing increased for the 1st time since 2008. Despite firm optimism that the real estate market will improve in 2011, mortgage concerns are still a big reason employee’s declines relocation in 2011.
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4. Boston Real Estate Market March 2013
With more and more properties going under agreement in under 30 days buyers are increasingly forced to offer strongly and offer quickly when they see a property they like or risking losing it. Properties in Boston in the last month sold for 99% of list price.
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5. Amazing Real Estate Statistics 2013
In 1900, 75% of urban Americans lived in rented apartments or flats. 100 years later, US home ownership has reached 68%. America’s real estate creates or supports approximately 9 million jobs. There is a 9% expected overall increase in home sales for 2013.
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6. Real Estate Fortunes Are Being Made In All The Cities You’ve Never Heard Of
The cities with best growth increases in the past decade are Midland, Texas, Odessa, Bismarck, Casper and Urban Honolulu. On an average, big cities had returns in the bottom 40% of all the US countries. High performing real estate markets have been in the middle of the country not on the coasts like many of the big cities.
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7. Searching For Real Estate In 2013
Real estate related internet searches on Google have grown 253% in the past 4 years and 89% of new home shoppers use a mobile search engine throughout their research. As many as 31% people do home research on the go at work, 27% search from a restaurant and 28% search while waiting in a line.
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8. How The Real Estate Industry Is Using The Social Media
84% of real estate professionals are now using social media and Facebook and Twitter are the most preferred social media platforms for them. 55% said that they were comfortable using social media while only 10% are not comfortable using social media platforms for real estate related activities.
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9. Real Estate Investment Realities
There is a $9.2 Billion impact of $28.1 M US real estate investors. Most active investors are under the age of 55 and are more likely to live in the South or West. Investors plan to spend a median of $7500 a piece of repair and rehabilitate their next purchases.
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10. How Far Will Real Estate Dollars Go
The national average home value is $184900 whereas the Coronado has the highest home value of $1375000. The top home values are $499900 in Pacific Beach, $379000 in Point Loma, $995000 in Mission Beach and $1299000 in La Jolla.
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11. Real Estate Professional Stats
In the field of real estate, there are more females involved than men whereas the median age for real estate professionals is 56 years. 86% of real estate professionals are White, and most of them are married. The annual income of a broker is $83830.
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12. Modern Land Grab
The existing US Home market is worth $1.07 Trillion whereas the International share is $82 Million. Most people are purchasing detached single family homes while commercial properties sell the least.
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13. The Evolving Construction Industry In Chennai
The real estate scene in Chennai is growing pretty fast and most of the companies are using social media to leverage their selves. Facebook is the most preferred platform for all the companies followed by Twitter, LinkedIn, Google+ and YouTube.
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14. Top 2013 Real Estate Blogs, Companies, Teams and Professions
The top real estate blog company is Zillow.com, Trulia and realtor.com whereas the top real estate companies in the world are Coldwell Banker, Keller Williams, Redfin, and Century 21. The top real estate professionals are Ben Caballero, Serena Boardman, Mauricio Umansky, Kurt Rappaport and Jade Mills.
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15. The Power Of Online Reviews For Real Estate Agents
A survey was done, and according to it most people thought that what will make them choose a real estate agent that they have found online is the fact that he/she has excellent reviews that were clearly posted by real customers.
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16. Reason Behind Real Estate Agents Get Paid Huge Amounts Of Money To Sell A House
The real estate has appreciated 12.4% annually between the year 2001 and 2006. More than 70 million Americans own their homes and the US home ownership in 2006 reached a record high of 68%. US remained as the top choice of most global commercial real estate investors in the year 2012.
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17. Real Cost Of Home Staging
According to Zillow, there is 1% price reduction every month in a home that is unsold and according to Trulia; there is a 9% price reduction for an average home that takes over listing period. The national home price average is $173100 and this is the seller’s average.
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18. Nashville Real Estate Report
The median home price or real estate price in Nashville has gone up by $22750 over July 2012 and July is the best sales month in 6 years. Home sales are up 24% YTD and this is one of the biggest rewards apart from home inventory at 4 month supply.
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19. Investing In Real Estate
The top 10 real estate investment markets are Phoenix, Las Vegas, Stockton, Indianapolis, Rochester and Oklahoma City. The 3 simple steps to follow to invest in real estate are setting up a directed IRA, rolling over retirement funds and purchasing desired property.
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20. The Perils Of Real Estate Investing
This infographic depicts on closer look on commercial property.
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