Document Type

Article

Language

eng

Format of Original

8 p.

Publication Date

2001

Publisher

American Real Estate Society

Source Publication

Journal of Real Estate Portfolio Management

Source ISSN

1083-5547

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.

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