Once you have selected a topic, I generally will not allow you to change topics. From the time you select a topic until term paper turn, you will have only about 4 weeks. In my opinion, that is not enough time to research a new topic and prepare a quality paper. When you submit your topic for approval, I will provide some helpful hints that should give you some direction to assist in your paper and hopefully, increase your opportunities to earn a high grade on the term paper. Real Estate–the Cornerstone Industry in the United States (This can be a history paper or a study of the current market) The Role of the Secondary Mortgage Market in the Housing Market and the Future of Fannie Mae and Freddie Mac as the Primary Source of Mortgage Funds The 2008-2009 Mortgage and Housing Market Crises–Was the Involvement by Federal and State Agencies a Good Idea–Should Investors or Homeowners Have Been Bailed Out? Eminent Domain, the Police Power of the State to Regulate Land Use and the Fallout from Kelo Vs the City of New London US Supreme Court Case Real Estate–the Ideal Investment Opportunity? (Note: this paper must be more than an examination of investment tools, i.e, REITs, etc.) Zoning: the Effective Use of the Government’s Police Power to Control Land Use or an Intrusion by Government into Private Property Rights (This paper’s underlying theme is zoning not eminent domain and should be/could be an examination of the conflicting interests when urban, suburban and rural interests clash.) Fair Housing Laws and Private Property–Conflict or Partnership? (This paper should clearly establish where the right/obligation of the federal, state and local governments arises from.) The Community Reinvestment Act of 1977—-Primary Cause of the 2008 Mortgage Crisis?

Real Estate: The Cornerstone Industry in the United States

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Real Estate: The Cornerstone Industry in the United States

Real estate as a business plays a significant role in the economic growth of the United States. The residential real estate is able to provide housing for millions. In addition, real estate is a big source of income for millions of people at the same time it acts as a leading source of savings more so when a household have a permanent residence where rents are not paid. The money saved can be reinvested in other sectors of the economy. In addition, commercial real estate is able to create employment, office space, store outlets for firms and merchandise businesses or manufacturing thus boosting the economic growth and the living standards of millions of people. In 2017 alone, real estate business was able to contribute about $1.07 trillion to the economic output of the USA. Therefore, if means that it contributed six percent of the gross domestic product of the United States of America.  

It is imperative to note that the fall in the value of homes is attributed to have triggered the financial crisis of 2008. The US subprime mortgage crisis was a national emergency in banking hence the recession. A large decline in the prices of homes and a devaluation of the real estate prices in the US caused a global financial crisis.  

When dealing with real estate, there are two trends in the market currently. The first one is homeownership and commercial real estate. The homeownership involves people having money to buy land and build their homes, or get bank loans to acquire homes for their families hence get a permanent roof on their heads. As such, most people would either stay in apartments or homes. A selection of either of the two is determined by various market factors like the neighborhood of the place the home/ house is located. Good neighborhoods are defined by security, good schools, and the values created by the local inhabitants. Such environment of peace and quiet attracts most people. In addition, there are those who stay in rental apartments in real estate business. Various features within the house like space and the interior design determines the prices of the houses. The commercial real estate gives office space, manufacturing plant locations and other business driven enterprises.

In the current markets it is important for people to do due diligence to get best deals from the agents or customers. Getting enough information about the real estate is critical in helping make informed rational decision about real estate investments.