The residential real estate market is the cornerstone of the well-being of any economy. The shelter is considered a basic need of humans and is based on the famous hierarchy of the pyramids. Therefore, it is understood that how the residential real estate market operates has an impact on the health of people around the world.
Leading industry thought leaders considered population growth, increased living standards, and limiting land/housing, and maintaining real estate prices a critical need. It is further stated that the absence of any of the above three trends can disrupt a housing market and the absence of two or more can raise property values.
Many such factors are located in the worldwide real estate market and are included in detail in a market research study on the residential real estate market in North America.
Major countries and cities within North America are included in the study based on population, country-level GDP, residential construction activity, demographics, and other such factors.
The residential real estate market in North America is separated into four subgroups, especially budget, price, premium, and luxury; The wealth distribution demographics and risk-return features desired by different classes of real estate investors play an important role in matching demand/supply by asset type.
North America is the third largest continent. Therefore, it is called ‘the continent of the new world’. It is named after Amerigo Vespucci. The specification of the Americas is complicated, but “Anglo-America” can represent Canada and the United States, while “Latin America” includes the countries of Mexico and Middle America and the Caribbean, as well as the entire South America continent.