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How much is the real estate industry worth?
The current worth of the real estate industry lies at around $277 trillion. That is the worth of the industry worldwide. The industry is worth so much because real estate is not a cheap thing. A large number of people across the world spend a substantial amount of their earnings on buying a house.
How is statistics used in real estate?
Buying a home is the single most valuable transaction carried out by an individual in their lifetime. People are overly protective and paranoid when it comes to such large transactions. To make the client sure that they are using their money on the right home and that if they want to sell it, the price would be more than the cost, statistical data is shown to the client.
How big is the real estate industry in the US?
If you are looking for the market cap of the industry in the US, that is $162.8 billion as of 2019. It is one of the major industries in the US and a number of other industries depend on it.