Question: What is the real estate industry comprised of?
Answer: Franchise opportunities in the real estate industry are broken up into 4 parts: residential, commercial, industrial, and land. The three primary categories in this industry include leasing, management, and brokerage.
Question: How much is the real estate industry worth?
Answer: As of 2018, the total revenue in this market was over $23 billion! The total value of the U.S. housing market stock in 2018 was $33.3 trillion, an all-time high for the industry, according to Housing Wire.
Question: Is the real estate industry booming?
Answer: Yes! Since 2010, the real estate industry has provided 18 million jobs and the number continues to rise. Between 2013 and 2018, there was a 4.1 percent growth and almost 20,000 real estate businesses. According to the National Association of Realtors, housing starts within this market are expected to increase in 2019 to meet the demand for household formation, which is growing at approximately 1.5 million.
Question: How can I request more information about a real estate franchise?
Answer: Visit our client pages to learn more about a specific franchise and request information! You can also check out our articles such as “Real Estate Industry Analysis” under our Franchise Industry tab.