Real Estate, Homes for Sale, Home Values, Agents and Advice RE We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Real Estate encompasses the land, plus any permanent man-made additions, such as houses and other buildings. Any additions or changes to the land that affects the property's value are called an improvement. Real estate development is a process that involves the purchase of raw land,…