Real Estate in the Rental MarketAbstract“Real estate is the land, all natural parts of the land such as trees and water, and all permanently attached improvements such as fences and buildings . People use real estate for a wide variety of purposes, including retail, office, manufacturing, housing, ranching, agriculture, recreation, worship and entertainment.” (Answers.com) To focus more specifically on a specific area of ​​real estate, this discussion will cover the real estate real estate industry. In this discussion, when we look at housing, we will be dealing with the realm of rental properties. Uses of LandLike with any other product or resource, the rental property market is influenced by supply and demand. “When we break down the land market into markets for land use, then supplies are not fixed, and prices and profits work as in any other market.” (Microeconomics 396) When analyzing the housing bubble it is important to understand that the rental housing market is not necessarily affected in a negative way. “The term bubble means that the price of an asset is increased through speculation or gambling rather than because of the value of the services that the asset returns.” (Microeconomics 396) Often the real estate bubble has to do with speculative real estate being in a fluctuating market. For example, accommodations located near tourist areas will drastically change their value as the effects of the bubble change. One of the constant drivers of the real estate market becomes the mid-priced rental market which may actually see an increase in demand as higher priced properties become unattainable. ...... half of the card ...... value is a rental property. When other factors contribute to homeownership frustration, such as rising taxes, utility bills, insurance bills, and the sudden need for home repairs, the only constant resource is the rental property that usually can be absorbed by the investor who holds these properties. References Real estate sector. (n.d.). Encyclopedia of American History. Retrieved April 20, 2008, from Answers.com: http://www.answers.com/topic/real-estate-industryBoyes, Williams & Melvin, Michael “Microeconomics” Seventh Edition, Houghton Mifflin Boston (2008)Melville, Costi and responsibilities of Sandra Real Estate Retrieved April 20, 2008, from Downtownsandiegoproperties.com (2006) Website: http://www.downtownsandiegoproperties.com/real_estate_costs.htm