Real estate refers to any form of real property located on land, including buildings and any natural resources such as crops, minerals or water that might exist therein. Real estate also refers to any rights conferred upon that piece of real estate by law and custom, such as ownership, occupancy and possession – as well as any use and profiting opportunities it might present – unlike personal property which refers only to items that can be relocated without incurring damages.

Real estate investment comes in many forms. Homeownership is perhaps the most prevalent approach. Other investments may include rental income-producing properties and real estate trusts. House flipping may also be undertaken where investors purchase low-priced homes to renovate and sell at higher prices later. Finally, investors can purchase shares of real estate mutual funds as another form of real estate investment.

United States real estate markets encompass residential, commercial and industrial properties. Residential real estate includes single-family homes, condos and townhomes while commercial real estate includes offices, stores and malls as well as warehouses and manufacturing plants. Land is also part of this market which can be used for either residential, commercial or industrial uses.

Real estate markets are complex, and the industry encompasses various specialized practices. Realtors are licensed professionals who arrange and negotiate property sales transactions on behalf of clients according to the National Association of Realtors code of ethics. Other professionals involved include brokers, developers and agents. Lenders, appraisers and other supporting staff also play key roles.

One of the hottest real estate markets worldwide is New York City (also known as NYC). This bustling metropolis captures millions of minds with its skyline, diverse neighborhoods, cultural landmarks and cultural significance. Furthermore, it is home to Fortune 500 companies and numerous global organizations with headquarters residing here.

Demand for NYC real estate is high and the market competitive; making an investment decision requires careful thought and strategy.

With rising mortgage rates and limited housing availability, more people have turned to searching for more cost-effective properties outside their local areas – leading to a nationalization of real estate markets.

Traditionally, most real estate activity occurred within one state or region; however, due to rising demand for affordable homes and the need for remote work opportunities, nationwide real estate activity is increasingly happening.

Real estate industry specialties span many disciplines, including appraisal, development, brokerage, management, lending and title insurance. To succeed in this highly regulated field requires specific skillsets; professionals in this field often need advanced degrees to compete for top jobs while remaining abreast of changing regulations, laws and market conditions – which is why the National Association of Realtors offers continuing education classes for its members in order to stay abreast of industry trends.