Real estate markets encompass the buying, selling, and renting of property and land. Unlike other commodities, real estate is characterized by distinctive features, chief among them being a comparatively slow and localized market. Such marker qualities originate from its extent of immobility: properties, the goods of the real estate market, are grounded and uneconomical or impossible to move. Both local and global economies, as well as multiple other economic indicators, affect the real estate market. These economic indicators include gross domestic product (GDP), employment changes, interest rates, inflation, consumers’ preferences, and others.Real estate property can be categorized into residential, commercial, industrial, and land plots on which residential or commercial properties can be built. An agent can promote property to gather market-specific information through potential buyers. This tactic is termed the Kick Through Rate/Market Pulse. The market value of real estate depends on its type, location, condition, and availability of services.
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