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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.

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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.

As we enter a new decade, we’ve already seen new changes begin to take shape. The COVID-19 outbreak led to the push of creating a virtual industry, and the history of real estate will once again see another major adaptation. Selling a home no longer relied on in-home open houses and your options to buy expanded to taking virtual tours, open houses, and even online signings. The good news? Real estate agents plan to follow where the new virtual world of real estate takes them. So, when you have questions after a virtual tour or want to know your options for creating virtual walkthroughs of your home, your agent will be with you every step of the way.

If you’re considering buying, selling, renting, or financing your home soon, visit Homes.com‘s “How To” section for free resources and step-by-step guides for each journey.

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Content Marketing Assistant at Homes.com | See more posts by this author

As Homes.com's content marketing assistant, Sydney gets to combine one of her favorite pastimes with her job– keeping up with pop culture. Outside of work, she enjoys stepping away from her phone and computer and spending time with her friends, whether it's just hanging out or traveling. Trying new foods, going snowboarding, and long road trips are some of her other favorite things to do, but what does she loves the most? When people read Homes.com's blog articles, of course!

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