Othering and Belonging Institute (UC Berkeley)
Housing refers to a residential or commercial property consisting of several shelter as a living area. Real estate spaces are occupied either by people or a cumulative group of people. Real estate is likewise referred to as a human need and human right, playing an important role in shaping the lifestyle for individuals, households, and neighborhoods. [1] As a result, the quality and kind of real estate a specific or collective inhabits plays a large role in real estate organization and real estate policy.
Overview
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Real estate is a physical structure indented for home, lodging or shelter that homes individuals and offers them with a place to live. Real estate includes a wide variety of sub-genres from apartments and houses to short-lived shelters and emergency lodgings. [2] Access to safe, budget friendly, and stable real estate is important for a person to accomplish optimum health, security, and overall wellness. Real estate impacts financial, social, and cultural chances as it is straight linked to education, employment, healthcare, and social media networks. [citation needed] In numerous countries, real estate policies and programs have been developed to resolve real estate problems connected to price, quality, and accessibility. [citation required] These programs and policies are described as real estate authorities, also referred to as a real estate ministry or real estate department.
Generally, there are 2 kinds of real estate, market real estate and non-market real estate. Market real estate refers to real estate that is bought and offered on the open market, with rates and lease identified by supply and demand. [citation needed] Market real estate is owned by personal people or corporations and consists of houses, condominiums, private real estate, and so on. [citation required] Non-market real estate describes real estate that is offered and managed by the federal government or non-profit organizations. [citation needed] The objective of non-market real estate is to supply affordable real estate for people or households thought about low-income. [citation required] Non-market real estate is subsidized, suggesting that lease is lower than the market rate, and tenants might be qualified for rent assistance programs. [3] Non-market real estate includes public, social, and cooperative real estate among others.
Macroeconomy and real estate rate
Real estate costs are affected by the macroeconomy. [4] Research performed in 2018 indicates that a 1% increase in the Consumer Price Index causes a $3,559,715 increase in real estate costs. As a result this raises the residential or commercial property cost per square foot by $119.3387. [citation needed] Money Supply (M2) has a favorable relationship with real estate rates. A research study performed in Hong Kong reported that as M2 increased by one unit, real estate rates rose by 0.0618. [citation required] When there is a 1% increase in the very best financing rate, real estate prices drop between $18,237.26 and $28,681.17 in the HAC [which?] model. [citation needed] Mortgage payments lead to a rise in the discount rate window base rate. A 1% increase in the rate causes a $14,314.69 drop in real estate rates, and a typical selling cost drop of $585,335.50. [citation needed] In the United States, when there is a 1% increase in the US genuine rate of interest, the residential or commercial property costs reduce from $9302.845 to $4957.274, and sellable area drops by $4.955206 and $14.01284. When there is a 1% increase in over night Hong Kong Interbank Offered Rate, the real estate prices drop to about 3455.529, and the cost per ft2 will visit $187.3119. [5] [require quote to validate]
Real estate cost index
Real estate crisis
Health and real estate
Real estate is recognized as a social factor of health. [citation required] While premium real estate environments positively contribute to an individual's health, bad real estate or a total absence thereof results in unfavorable health results. Lack of real estate or poor-quality real estate can adversely affect an individual's physical and mental health. Real estate attributes that adversely impact physical health consist of dampness, mold, insufficient heating, and overcrowding. Mental health is likewise impacted by insufficient heating, overcrowding, dampness, and mold, in addition to an absence of individual space. [13] Another factor that negatively affects psychological health is real estate instability. [14] Negative health results that impact children consist of potential direct exposure to asthma sets off or lead, and injuries triggered by structural shortages (e.g. absence of window guards or radiator covers). [15]
Relative with bad health decrease debt to play it safe. Data from the China House Finance Survey utilized a partial least squares structural formula model for results that suggested member of the family's bad health and individuals with uninsured endowment insurance have an adverse influence on real estate financial obligation and household assets. [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 kinds
NIMBY
Right to real estate
Subsidized real estate
Urban planning
- US Federal Real Estate Administration YIMBY Zoning
Real estate website
References
^ "real estate". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or getting involved institution membership 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 (inactive 1 June 2025). cite journal: CS1 maint: DOI inactive as of June 2025 (link). ^ Li, R.Y.M. (2018 ). "Have Real Estate Prices Opted For 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, Bank of St. Louis. Retrieved 2023-04-06. ^ "Realty market: Definitions, graphs 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 global real estate crisis. London: Zed books. ISBN 978-1-78699-054-9. ^ Wetzstein, Steffen (2017-11-01). "The global urban real estate price crisis" (PDF). Urban Studies. 54 (14 ): 3159-3177. doi:10.1177/ 0042098017711649. ISSN 0042-0980. ^ "What has caused the worldwide real estate crisis - and how can we repair it?". World Economic Forum. Archived from the initial 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 factor of health and wellness: Developing an empirically-informed realist theoretical framework". 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 psychological health effects of instability in the private rental sector: A longitudinal analysis of a national friend". 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 Influence 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 definition of real estate at Wiktionary
Media associated to Real estate at Wikimedia Commons. Media related to Real estate at Wikimedia Commons. Shadwell, Arthur (1911 ). "Real estate". Encyclopædia Britannica.