The history of the building is closely linked to the quest for human settlement and the constant search for a permanent home. It all started in the prehistory of the tribal system and began to take shape during the feudal system, where the rent and taxes began to dominate. Currently, farmers and traders bought, rented or sold real estate under the nose of the royal class. If land was, and the land sold what looked like a free market in favor of merchants and citizens with the money.
Initially available only to the noble class, the industrial revolution has effectively equalized the system and even wealth of the world. In the U.S., the idea of organized real estate came in the late 19th century. The National Association of Real Estate Awards was founded in 1908, aimed at those in the industry to unite the efforts in the interests of property together. The National Housing Act was proclaimed in 1934 that created the Federal Housing Administration. The industry has steadily developed in the years that followed, the concept of ownership introduced in the 1950s.
In the 1970s, there was a significant increase in house price, which made it difficult for ordinary workers to own their own home. At that time, inflation reached more than 20% and home loan interest rates were as high as 18%. With the fall of the Berlin Wall in 1989, the industry took a turn (like the rest of the world). This brought a positive trend in real estate, and shortly thereafter, investors increasingly bet money in the industry and there was no turning back.
Today the industry is still developing its ups and downs. The risk in real estate is still there. Over the years, have real estate companies, banks and lenders searched the home easier for the Americans. The building is now considered an investment you can buy, rent, buy or exchange. There are laws governing these transactions to the interests of the owners, tenants and buyers to protect. The power to own a property – which was reserved for chiefs, kings and owners – is ours now.