Real State

Defined as land and any structures on it,real estate can be grouped into three broad categories: residential, commercial and industrial. Examples of real estate include undeveloped land, houses, condominiums, townhomes, office buildings, retail store buildings and factories. This asset class holds a unique position in the investment world in that, unlike other investments, it is dramatically affected by the conditions of its locality and surrounding areas. With the exception of a national or global recession, real-estate values are affected primarily by local factors such as the availability of jobs, crime rates, school quality and property taxes.