The term real estate can be used in three fundamental ways. List these three alternative uses or definitions.

The term real estate can be used in three fundamental ways. List these three alternative uses or definitions.

Solution: Real estate is most commonly defined as land and any improvements made to or on the land, including fixed structures and infrastructure components. The term is also used to descr…

WRITE THIS ESSAY FOR ME

Tell us about your assignment and we will find the best writer for your paper.

Get Help Now!

The U.S. represents about 6 percent of the earth’s land service, or approximately 2.3 billion acres. Who actually owns this land?  What is the distribution of this land among the various uses (e.g., developed land, federal, land, forest land).

Solution: Developed land, consisting of residential, industrial, commercial, and institutional land, represents approximately 6 percent of the total land in the U.S.  Federal lands and water areas occ………….

Describe the value of U.S. real estate by comparing it to the values of other asset classes (e.g., stocks, bonds).

Solution: As of September 2005, real estate (including owner-occupied housing, but excluding real estate held by non-real estate corporations) was the single largest asse……

How much of the wealth of a typical U.S. household is tied up in real estate? How does this compare to the role that assets and investments play in the portfolios of U.S. households?

Solution: Real estate is the single largest asset in the typical U.S. household’s portfolio, representing approximately 30 percent of household wealth in September of 2005. In comparison, the total val…………..