The real estate industry has emerged as one of the major industries in the United States over the passage of time.
The housing bubble in Florida, Michigan, California, Chicago, and New York has brought about a sea change in the real estate scenario of United States of America. The housing bubble has been the result of significant increase in valuations of real estates within the domestic territory of United States.
The commercial banks, mortgage lenders, and other financial organizations have played an important role in the growth and prosperity of US real estate industry. The steady rise in ownership of private properties has also helped the growth process of the US real estate sector to a greater extent.
The real estate industry in the United States mainly deals with three types of properties namely commercial real estate, residential real estate, and industrial real estate. The real estate scenario is not same in all the US states. The property valuations and ownership patterns are different for different states of US.
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