Real Estate Market In The Late 1800s

The history of real estate in the United States dates all the way back back to the 1700s after the Revolutionary War. The federal government would sell land to private landowners for their own personal use. The real estate market was pretty much created by the in the late 1800s. In 1862, an act known as the Homestead Act was passed. This act would let the government sell millions of acres of property to private landowners. Real estate slowly evolved as the U.S. evolved. Once cities, towns, and suburbs started being developed, the need for real estate transactions started to increase. The first open house was recorded all the way back in 1910. During this time period, houses would be open so the public could see new agricultural advancements and concepts. License laws for real estate didn't come into effect until the year 1919. So pretty much anyone was able to call themselves a real estate broker before the year 1919. The reason for these license laws were because it was common to see multiple yard signs from different brokers trying to sell the same listing. The first major cities where real estate associations were established were cities such as Baltimore, Chicago, St. Louis, and San Jose. Houses around that time sold for just under $5,000. During

One WW2 was over, many men came home to either rejoin or to start their families. Ways properties were marketed back then wet from newspapers and the radio. Properties during that time period are not on the market for long. Many agents reduced the time they opened homes to the public due the quick sale rates. Many may not be aware of this, but business transactions are illegal to complete on Sundays. So Sundays became ideal days for real estate agents to show a home and line up a potential buyer to complete the sale the following week. In 1952, the recorded use of incentives were used to target and attract potential