A look at some of the key figures behind the real-estate industry and how they are changing.
The real estate market is in a state of flux.
The price of real estate is up and down, but it’s not yet a runaway bubble.
On the one hand, the global real estate sector is the largest private sector employer in the United States and employs some 14 million people.
But the number of listings on the realtor.com website has grown to 2.3 million, making it the world’s third largest marketplace.
Realtors are also big players in China, where sales and listings have spiked, fueled by a crackdown on illegal online real estate.
China has also become the world leader in the development of homes, and it has also overtaken the United Kingdom as the world market leader for the purchase and sale of homes.
Demand for luxury home construction has grown dramatically in recent years, with sales rising by 40 percent in 2015 and 36 percent in 2016, according to a report from brokerage CBRE.
In a recent report, CBRE also said the U.S. housing market has reached its saturation point.
“The number of homes sold worldwide in the first half of 2017 is almost 5,000 times higher than the number that were sold in the same period in 2016,” the report said.
As demand continues to grow, so does the supply.
The number of vacant homes on the market is rising.
More than two-thirds of vacant housing is owned by renters, and the number is rising as more Americans move into the rental market, according the Census Bureau.
The market has also seen a sharp increase in new listings in some cities, particularly in San Francisco, Los Angeles, San Jose and Miami, where buyers are increasingly buying houses in the wake of an unprecedented global economic downturn.
When the economy crashed in 2008, it wiped out the realtors and other business owners who had bought and sold hundreds of thousands of homes in the housing market, said Richard Greenstein, president of the Real Estate Institute of Chicago, which tracks housing trends.
Now, the housing crisis is hitting home-buying in an unexpected way.
The housing market is getting more crowded, Greenstein said.
In some markets, buyers are finding it hard to find buyers to buy their homes, so they are looking for smaller, less-expensive homes in cheaper neighborhoods, such as in New York, Chicago and Seattle.
With a slowdown in new home sales, the market has started to turn to smaller, older, and more expensive homes for sale, said Greenstein.
“The trend of people selling smaller houses has continued,” he said.
“It’s the biggest reason for the market’s continued price decline.”
A bubble is a bubble.
In the real property industry, bubbles can be created or destroyed.
If the bubble bursts, there’s a loss of profit.
But if the bubble lasts a while, there are more gains.
The bubble can expand to cover a greater area.
In 2016, the realty industry recorded a $8.6 billion loss, according a Bloomberg report.
That’s the third-largest loss in the industry’s history.
The previous loss was in 2007, when the industry lost $13.5 billion.
The number and growth of sales and the growth of listing activity is driven by a lot of different factors.
The boom in luxury sales can be explained by a desire to buy luxury homes in luxury neighborhoods, said Mark Zandi, chief economist at Moody’s Analytics.
But as the price of the homes has continued to climb, so has the demand.
That’s why some buyers are looking to sell their homes to younger buyers and millennials, who are looking at properties that are less expensive and better than older properties.
Zandi said that the number and size of listings are down, in part, because of the impact of the housing bubble on the housing economy.
He said the economy is still strong, but there’s more to the equation than just the housing boom.
“There’s been a lot more activity in real estate that was driven by the global economic crisis, and that was very much offset by the housing bust,” he told ABC News.
“We had a lot fewer people who had to make a lot harder decisions,” he added.
For the average homeowner, the recession has left them in a precarious position.
If they don’t buy a home, they’re losing money and may have to move to another neighborhood or rent.
If you’re a renter and are struggling to make ends meet, you may be in a better position to sell your home in the near future.
But in the longer term, the affordability issues are likely to remain.
And while there’s been some good news for the average renter, it’s hard to see how the new demand for home equity loans will help most people.
That means that some of those who are struggling in the real economy may need a new home to make