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Article
The Evolution of Real Estate in the Economy
Journal of Real Estate Portfolio Management
  • Dapeng Hu, Citicorp Mortgage, Inc.
  • Anthony Pennington-Cross, Marquette University
Document Type
Article
Language
eng
Format of Original
8 p.
Publication Date
1-1-2001
Publisher
American Real Estate Society
Abstract

While the economy as a whole has been rapidly changing in response to technological innovation, real estate has evolved from a depository of wealth for households and assets for corporations into a major force in the debt and equity markets. In contrast, the role of real estate as a contributor to the nation's output and income has remained steady at approximately 11% of gross domestic product.

Comments

Published Version. Journal of Real Estate Portfolio Management, Volume 7, No. 2, pp 169-176 (2001). Permalink. © American Real Estate Society 2001. Used with permission.

Anthony Pennington-Cross was affiliated with the Research Institute of Housing America at the time of publication.

Citation Information
Dapeng Hu and Anthony Pennington-Cross. "The Evolution of Real Estate in the Economy" Journal of Real Estate Portfolio Management (2001) ISSN: 1083-5547
Available at: http://works.bepress.com/anthony_pennington_cross/16/