Housing refers to a residential or commercial property containing one or more shelter as a living space. Real estate spaces are lived in either by individuals or a cumulative group of individuals. Real estate is likewise described as a human requirement and human right, playing a crucial role in forming the quality of life for people, households, and neighborhoods. [1] As an outcome, the quality and type of real estate a specific or collective inhabits plays a large role in real estate company and real estate policy.
Overview
Real estate is a physical structure indented for dwelling, accommodations or shelter that homes individuals and provides them with a place to reside. Real estate consists of a wide variety of sub-genres from apartment or condos and homes to short-lived shelters and emergency accommodations. [2] Access to safe, cost effective, and stable real estate is vital for a person to attain optimum health, safety, and total well-being. Real estate affects economic, social, and cultural opportunities as it is directly connected to education, work, health care, and social media networks. [citation required] In numerous countries, real estate policies and programs have been established to resolve real estate concerns related to cost, quality, and availability. [citation required] These programs and policies are referred to as real estate authorities, also called a real estate ministry or real estate department.
Generally, there are 2 types of real estate, market real estate and non-market real estate. Market real estate refers to real estate that is bought and sold on the free market, with rates and rent figured out by supply and need. [citation required] Market real estate is owned by private individuals or corporations and includes apartments, condos, personal real estate, and so on. [citation required] Non-market real estate refers to real estate that is offered and managed by the federal government or non-profit organizations. [citation required] The goal of non-market real estate is to provide cost effective real estate for individuals or families considered low-income. [citation needed] Non-market real estate is subsidized, meaning that rent is lower than the marketplace rate, and renters may be qualified for lease assistance programs. [3] Non-market real estate consists of public, social, and cooperative real estate to name a few.
Macroeconomy and real estate cost
Real estate costs are impacted by the macroeconomy. [4] Research performed in 2018 suggests that a 1% boost in the Consumer Price Index causes a $3,559,715 increase in real estate prices. As a result this raises the residential or commercial property price per square foot by $119.3387. [citation required] Money Supply (M2) has a favorable relationship with real estate prices. A study carried out in Hong Kong reported that as M2 increased by one system, real estate costs rose by 0.0618. [citation needed] When there is a 1% boost in the finest loaning rate, real estate prices drop between $18,237.26 and $28,681.17 in the HAC [which?] design. [citation required] Mortgage payments result in a rise in the discount window base rate. A 1% rise in the rate causes a $14,314.69 drop in real estate prices, and a typical market price drop of $585,335.50. [citation needed] In the United States, when there is a 1% increase in the US genuine interest rate, the residential or commercial property rates decrease from $9302.845 to $4957.274, and sellable location stop by $4.955206 and $14.01284. When there is a 1% rise in overnight Hong Kong Interbank Offered Rate, the real estate rates drop to about 3455.529, and the rate per ft2 will drop by $187.3119. [5] [require quote to confirm]
Real estate price index
Real estate crisis
Health and real estate
Real estate is recognized as a social determinant of health. [citation needed] While high-quality real estate environments positively add to a person's health, bad real estate or a total absence thereof results in unfavorable health effects. Lack of real estate or poor-quality real estate can negatively impact an individual's physical and mental health. Real estate associates that adversely affect physical health consist of wetness, mold, insufficient heating, and overcrowding. Mental health is likewise impacted by inadequate heating, overcrowding, moisture, and mold, in addition to an absence of individual space. [13] Another element that negatively impacts psychological health is real estate instability. [14] Negative health effects that impact kids include possible direct exposure to asthma sets off or lead, and injuries brought on by structural deficiencies (e.g. lack of window guards or radiator covers). [15]
Member of the family with poor health reduce financial obligation to prevent threats. Data from the China House Finance Survey utilized a partial least squares structural formula design for outcomes that indicated member of the family's poor health and people with uninsured endowment insurance coverage have an unfavorable effect on real estate financial obligation and family possessions. [16]
By area
Real estate in Azerbaijan
Real estate in Barbuda
Real Estate in China Real Estate in Hong Kong
Real estate in Scotland
Affordable real estate
Category: Real estate ministries
Homeowner association
Real estate association
Housing estate
Real estate First
Informal real estate
List of real estate statutes
List of human habitation types
NIMBY
Right to real estate
Subsidized real estate
Urban preparation
- US Federal Real Estate Administration
YIMBY
Zoning
Real estate portal
References
^ "real estate". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or taking part institution subscription needed.).
^ Gwendolyn Wright, Building the Dream: A Social History of Real Estate in America (MIT press, 1983).
^ Haffner, Marietta E. A. (2009 ). Bridging the Gap Between Social and Market Rented Real Estate in Six European Countries?. IOS Press. pp. 4+. ISBN 978-1-60750-035-3.
^ Dept, International Monetary Fund Research (2005-12-22). "Research Summaries: Real Estate Prices and Macroeconomics". IMF Research Bulletin. 2005 (4 ). doi:10.5089/ 9781451929980.026. A001 (non-active 1 June 2025). cite journal: CS1 maint: DOI inactive since June 2025 (link).
^ Li, R.Y.M. (2018 ). "Have Real Estate Prices Gone with the Smelly Wind? Big Data Analysis on Landfill in Hong Kong". Sustainability. 10 (2 ): 341. Bibcode:2018 Sust ... 10..341 L. doi:10.3390/ su10020341. S2CID 158813714.
^ National Association of Realtors (2022-01-01). "Real Estate Affordability Index (Fixed)". FRED, Federal Reserve Bank of St. Louis. Retrieved 2023-04-06.
^ "Realty market: Definitions, charts and information". www.bankofcanada.ca. Retrieved 2023-04-06.
^ Kenton, Will (September 30, 2022). "Affordability Index". Investopedia. Retrieved 2023-04-06.
^ Menendian, Stephen (November 30, 2022). "Deconstructing the 'Real Estate Crisis'". Othering and Belonging Institute (UC Berkeley). Retrieved 2023-12-30.
^ Potts, Deborah Helen (2020 ). Broken cities inside the worldwide real estate crisis. London: Zed books. ISBN 978-1-78699-054-9.
^ Wetzstein, Steffen (2017-11-01). "The international city real estate price crisis" (PDF). Urban Studies. 54 (14 ): 3159-3177. doi:10.1177/ 0042098017711649. ISSN 0042-0980.
^ "What has triggered the international real estate crisis - and how can we repair it?". World Economic Forum. Archived from the original on 2025-01-23. Retrieved 2025-01-31.
^ Rolfe, Steve; Garnham, Lisa; Godwin, Jon; Anderson, Isobel; Seaman, Pete; Donaldson, Cam (2020 ). "Real estate as a social determinant of health and health and wellbeing: Developing an empirically-informed realist theoretical structure". BMC Public Health. 20 (1 ): 1138. doi:10.1186/ s12889-020-09224-0. PMC 7370492. PMID 32689966.
^ Li, Ang; Baker, Emma; Bentley, Rebecca (2022 ). "Understanding the mental health effects of instability in the private rental sector: A longitudinal analysis of a national associate". Social Science & Medicine. 296: 114778. doi:10.1016/ j.socscimed.2022.114778. PMID 35151148. S2CID 246614891.
^ Dunn, James R. (2020 ). "Real Estate and Healthy Child Development: Known and Potential Impacts of Interventions". Annual Review of Public Health. 41: 381-396. doi:10.1146/ annurev-publhealth-040119-094050. PMID 31874071.
^ Chen, S. et al Health, Insurance, and Social Capital's Impact on Real estate Debt and Assets Using a Partial Least Squares Structural Equation Modeling Technique. Buildings 2024, 14, 3540. https://doi.org/10.3390/buildings14113540.
External links
The dictionary meaning of real estate at Wiktionary
Media associated to Real estate at Wikimedia Commons.
Media associated to Real estate at Wikimedia Commons.
Shadwell, Arthur (1911 ). "Real estate". Encyclopædia Britannica.
