Amazing 2013 Real Estate Statistics

A YouRealty Amazing Real Estate 2013 Statistic America has changed from a rental society to an ownership society In 1900, 75% of urban Americans lived in rented apartments or flats. 100 years later, U.S. home ownership has reached 68% 68% 25% 1900s 2000s Positive financial impact of the real estate market Including tax benefits, someone who buys a home today and lives in it for 4 to 7 years will save from 20% to 40% over renting America's real estate creates or supports approximately 9 million jobs Housing accounts for about 15% of gross domestic product (GDP) in a typical year Accelerated new household formation may drive a residential housing recovery that adds between 1.7% and 3.2% to GDP growth over the next five years During the last year, the most expensive confirmed purchase in California was an 8,930-square-foot home in Woodside, which sold for $117,500,000 There is a 9% expected overall increase in home sales for 2013 Current real estate market concerns 11% of all US homes are presently vacant 11% $380 billion: market of distressed homes The number of distressed homeowners dropped to 4.7 million in April, the first time in five years that that figure has come down below 5 million 380,000,000,000 Real estate advertising At $13 billion, real estate is the highest category in online advertising (automotive is No. 2, at $12 billion) $1 bln During the last year, more than half of all real estate advertising, or $13 billion, was spent on online media The average internet buyer spends only 2.2 weeks working with the Realtor to find their home., The traditional buyer spends almost 6 weeks Real estate organizations 165,000: number of companies operating in the residential brokerage and management field during the last year. They generated $170 billion in revenue The fifty largest companies make up less than 30% of the 25,000: number of companies operating in the commercial industry's total revenue brokerage and management field. They generated $30 billion in revenue Brokerage services compose 45% of the industry's total revenue, leasing residential units makes up 35% and property management makes up 15% Blackstone Group's Steven Schwarzman says that the firm is spending $100 million a week buying homes U.s. commercial real estate is worth approximatley $5,000,000,000,000 of rental apartment space Ibin. sg. ft. of industrial property of office space A Amln hotel rooms of shopping center space Which of these statistics are most relevant to you right now? SOURCES YouRealty http://www.rer.org/Media/Statistics_About_the_Real_Estate_Industry.aspx YouRealty will change how you search for real estate, connect with a Realtor and http://business.time.com/2013/05/15/why-this-housing-upturn-looks-like-the-real-thing http://www.thefinancialist.com/can-housing-save-the-us-economy buy & sell realty. http://www.dqnews.com/Articles/2013/News/California/MDCA013013.aspx Interested? http://www.thefinancialist.com/can-housing-save-the-us-economy Request early access to the platform at http://YouRealty.com http://www.squidoo.com/realestatewebsitestatistics http://www.twincitiesshortsalerealtor.com/real-estate-information/interesting-real-estate-facts http://www.thefinancialist.com/the-new-game-in-town-single-family-reits http://business.time.com/2013/05/28/home-prices-see-double-digit-jump http://www.borrellas sociates.com/component/content/arti- cle/45-general-reports/292-2012-real-estate-advertising-outlook http://www.plunkettresearch.com/real-estate-construction-market-research/industry-statistics http://www.franchisehelp.com/industry-reports/real-estate-franchise-industry-report http://business.time.com/2013/04/30/housing-pric- es-jump-again-and-wall-street-appears-to-be-playing-a-role