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Fun Facts
The real estate industry is one of the largest sectors in the United States, with a total market value of over $40 trillion. The term "real estate" originates from the Latin words res (thing) and status (condition). The first recorded real estate transaction in the U.S. took place in 1626 when the Dutch purchased Manhattan for 60 guilders. The industry employs millions of professionals, including agents, brokers, and appraisers. The median home price in the U.S. is around $400,000, with homeowners spending an average of $2,500 per year on property taxes. Luxury properties in prime locations can cost over $100 million.

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