The way of life as we know it today didn’t always involve buying a home, settling down, and asking your neighbors for a cup of sugar when you need it. About 12,000 years ago, humans were perfectly content wandering earth, hunting and gathering for food. Until one day, the idea of creating a settlement became the trend that wouldn’t end. The Neolithic Revolution was the transitional period of humans living nomadically to becoming “neighbors” with one another. Now, approximately 176 million people in the U.S. have opted for life in the suburbs as of 2018, with others choosing more urban or rural areas. But, how did we get here? Enter the idea of the real estate industry. While the process of real estate transactions and mortgage lending started in the 1800s in countries outside of the United States, the industry didn’t truly begin to take shape and become regulated in the U.S. until the 1900s. To see how the history of real estate led to what we know the industry as today, watch the video below.
A Timeline of the History of Real Estate
While the history of settlements and homeownership dates back thousands of years ago, in the U.S., home transactions only began to take shape in the late 1800s. We did our research and brought you the history of real estate.