Real estate refers to land and any permanent structures attached to it, such as buildings and homes. It encompasses various types of properties, including residential, commercial, and industrial spaces. The real estate market plays a crucial role in the economy, influencing job creation and investment opportunities. Investing in real estate can provide significant financial returns, as property values often appreciate over time. Additionally, real estate can generate passive income through rental properties. Understanding the dynamics of the market, including supply and demand, is essential for making informed decisions in this field.