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Illinois Housing Market
Real Estate
Real estate is the legal term for property that encompasses land and any structures permanently attached to the land. Other alternative terms for real estate include realty or real property. Although they are commonly used in exchange for eachother, it is important to understand the difference between real estate and real property. As noted, real estate is the land and the attached structures, while real property is distinguished as the rights of ownership of the real estate. Real estate has developed into a major business sector, earning the economic term real estate bubble in times of rapid increases in property values.
Articles related to illinois housing market
Rent vs. Buy Myths That Ruined the Housing Market
Potential buyers bought into all sorts of rent vs. buy myths to justify buying houses that they could not afford during the boom. Now that the U.S. housing market is in shambles, people are starting to realize that renting may not be a dirty word after all.
Housing Market Will Cost the Economy $100 Billion by 2009
A report released Thursday by the Joint Economic Committee predicts the housing slowdown will result in an unprecedented $100 billion loss to the economy by the end of 2009.
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Housing Fast Fact
Residential Housing Segment
The U.S. Economy is affected by numerous factors, including the residential housing segment. Elements of the residential housing segment include real estate sales, new home construction and the mortgage industry.
Illinois Fast Fact
Illinois Goes Global
Illinois was among the first states to establish an international trade office (1968). Currently ranking #1 in attracting foreign investments; the state is home to over 4,600 foreign firms which employ over 213,000 people.
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- Buyers Priced Out of the Florida Housing Market
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