Real estate
 
Real estate or immovable property is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property also sometimes called realty, in contrast with personal property .realtorebiztools.com
 
However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.
 
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.Reliable property developers Directory
 
Real estate economics:
 
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of real estate prices, building production, and real estate consumption. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets. Both draw on partial equilibrium analysis (supply and demand), urban economics, spatial economics, and finance.
 
Overview of real estate markets:
 
The main participants in real estate markets are:
 
  Owner/User - These people are both owners and tenants. They purchase houses or commercial property as an investment and also to live in or utilize as a business.
 
  Owner - These people are pure investors. They do not consume the real estate that they purchase. Typically they rent out or lease the property to someone else.America builders Directory
 
  Renter - These people are pure consumers.uaerealestate.info
 
  Developers - These people prepare raw land for building which results in new product for the market.
 
  Renovators - These people supply refurbished buildings to the market.americanestatedierctory.com
 
  Facilitators - This includes banks, real estate brokers, lawyers, and others that facilitate the purchase and sale of real estate.
 
Real estate pricing:
 
There are two major ways in which aggregate home prices are reported: median and mean (average). Prices are also calculated by square foot, using both the mean and median price. Real estate prices have had a profound impact on urban, as well as the suburban and rural landscape. Arkansas and California- realtoronnet.com

The most important government measurement of home prices in the United States is the house price index. Median house prices are reported for metro areas and regions of the country by the private National Association of Realtors.
 
Real estate appraisal:
 
A real estate appraisal is a service performed by a licensed or certified appraiser, who develops an opinion of value based upon the highest and best use of real property. The highest and best use is that use which produces the highest value for the land, as if vacant.Mumbai Real Estate Directory
 
This use is based on 4 parts; physically possible, appropriate, legal, and economically feasible. Also of importance is the definition of the type of value being developed and this must be included in the appraisal, i.e. market value, condemnation value, quick sale value, etc. For mortgage valuations of improved residential property, this value is most often reported on a standardized form, the Uniform Residential Appraisal Report.Mumbai Builders
 
An appraisal is performed for a specific client, to whom the appraiser has a fiduciary responsibility, regardless of what party ultimately pays for the appraisal, whether anyone actually pays for the appraisal, or when the appraisal is paid for.
 
Typically residential appraisers agree to accept orders from lending institutions with the understanding that payment will be made following settlement, or closing of the loan. In most cases, the homeowner or buyer ultimately pays for a residential appraisal, either directly or rolled into settlement fees.bharatbhumi.com