Investing in real estate can be a profitable venture, especially in a bustling city like Chicago. One of the smartest ways to navigate the real estate market and maximize your returns is by joining a real estate investment group. These groups offer a platform for like-minded investors to pool their resources, share knowledge, and collectively invest in various real estate opportunities. If you’re looking to find the best Chicago real estate investment groups, this guide will provide you with valuable insights and tips.
Research Online
The internet is an invaluable resource when it comes to finding real estate investment groups in Chicago. Start by conducting a thorough online search using relevant keywords such as “Chicago real estate investment groups” or “real estate investment clubs in Chicago.” This will give you a list of potential groups to explore further. Take note of the groups that consistently appear in your search results, as they may be well-established and have a strong online presence.
Utilize Online Directories
In addition to search engine results, there are online directories specifically dedicated to listing real estate investment groups. These directories provide comprehensive information about each group, including their investment focus, location, and contact details. Websites like BiggerPockets and Meetup have directories specifically tailored for real estate investors. Browse through these directories and make a list of potential investment groups that align with your interests and goals.
Read Online Reviews and Testimonials
Once you have identified potential investment groups, it’s important to assess their reputation and credibility. Look for online reviews and testimonials from current or former members of these groups. This will give you insights into the experiences of others and help you gauge the group’s effectiveness and trustworthiness. Pay attention to both positive and negative reviews, as they can provide a balanced perspective on the group’s strengths and weaknesses.
Explore Social Media Channels
Social media platforms like Facebook, LinkedIn, and Twitter can be powerful tools for finding and connecting with real estate investment groups. Join relevant groups or communities dedicated to real estate investing in the Chicago area. These groups often have active discussions and members who are willing to share their experiences and recommendations. Engage in conversations, ask questions, and seek advice from fellow investors. Social media can be a great way to build connections and gather valuable insights.
Check Local Real Estate Forums
Online forums dedicated to real estate discussions provide a wealth of information and networking opportunities. Look for forums specific to the Chicago real estate market and explore the threads related to investment groups. Engage in conversations, ask questions, and seek recommendations from fellow forum members. Real estate forums often have experienced investors who can provide valuable advice and insights into the local investment scene. Make sure to contribute to the discussions and build relationships within the community.
Participate in Real Estate Discussions
In addition to seeking recommendations, actively participate in real estate discussions within these forums. Share your own knowledge and experiences, as this can help establish your credibility and attract the attention of other investors. By actively contributing to the discussions, you may also catch the attention of investment group representatives who frequent these forums. Networking within the online real estate community can open doors to potential investment opportunities and connections.
Follow Influential Forum Members
Identify influential members within the real estate forums who consistently provide valuable insights and advice. Follow their posts and engage with them directly. These individuals often have extensive experience in real estate investing and may have connections to reputable investment groups. By building relationships with influential forum members, you increase your chances of getting recommendations and introductions to the best Chicago real estate investment groups.
Attend Real Estate Networking Events
Networking events provide an excellent opportunity to meet and connect with real estate professionals, including members of investment groups. Look for local real estate seminars, conferences, or meetups happening in Chicago. These events often have dedicated networking sessions where you can interact with experienced investors and even representatives from investment groups.
Research Local Events
Do your research and find out about upcoming real estate networking events in the Chicago area. Websites like Eventbrite and Meetup are great resources for finding events specifically tailored to real estate investors. Look for events that attract a diverse range of attendees, including experienced investors, industry professionals, and representatives from investment groups. These events provide an ideal platform to connect with potential investment groups and explore collaboration opportunities.
Prepare Elevator Pitch
Prior to attending a real estate networking event, prepare a concise elevator pitch that clearly communicates your investment goals and what you can bring to the table. This will help you introduce yourself effectively and catch the attention of experienced investors and investment group representatives. Practice your pitch beforehand to ensure you deliver it confidently and concisely.
Engage in Meaningful Conversations
When attending a networking event, make a conscious effort to engage in meaningful conversations with other attendees. Don’t simply exchange business cards and move on. Take the time to listen to others’ experiences, ask questions, and share your own insights. Building genuine connections with like-minded individuals can lead to valuable referrals and recommendations for the best Chicago real estate investment groups.
Seek Recommendations
Seeking recommendations from trusted sources can significantly narrow down your search for the best Chicago real estate investment groups. Reach out to fellow real estate investors, friends, or acquaintances who have experience in the Chicago real estate market. Ask them if they are part of any investment groups or if they can recommend reputable ones. Personal recommendations and insights can be invaluable in finding the best investment groups.
Tap into Your Existing Network
Start by tapping into your existing network of real estate professionals, colleagues, friends, and family members. Let them know that you are interested in joining a real estate investment group in Chicago and ask if they have any recommendations or connections. Often, personal connections can provide you with trustworthy referrals and insider information about investment groups that may not be widely known.
Seek Recommendations from Mentors
If you have mentors or advisors who are experienced real estate investors, seek their recommendations for the best investment groups in Chicago. Mentors can provide valuable guidance and insights based on their own experiences. They may have firsthand knowledge of reputable investment groups or connections to influential individuals within the industry. Leverage your mentor’s network to explore potential opportunities.
Attend Real Estate Meetups
Real estate meetups are informal gatherings of real estate enthusiasts, including investors and professionals. Attend local real estate meetups in Chicago to connect with individuals who may be part of investment groups or have knowledge about them. These meetups often have networking sessions where you can share your interest in joining an investment group and seek recommendations from attendees.
Utilize Social Media
Social media platforms like Facebook, LinkedIn, and Meetup can be powerful tools for finding and connecting with real estate investment groups. Join relevant groups or communities, participate in discussions, and engage with members who share similar interests. This can lead to valuable connections and potential group recommendations.
Join Facebook Groups
Facebook has numerous real estate investment groups and communities specific to different locations, including Chicago. Join these groups and actively participate in discussions. Share your goals and seek recommendations for the best investment groups in Chicago. Engaging with other members can help you build relationships and gain insights into the local investment landscape.
Utilize LinkedIn’s Network
LinkedIn is a professional networking platform that can help you connect with real estate professionals and potential investment group members. Join LinkedIn groups that focus on real estate investing in Chicago and actively participate in discussions. Connect with individuals who have relevant experience and seek recommendations. LinkedIn also allows you to message other members directly, making it easier to reach out and form connections.
Explore Meetup Groups
Meetup is a platform specifically designed for organizing and joining local interest groups. Search for real estate investment groups or clubs in the Chicago area on Meetup and join relevant groups. Attend their meetups and networking events to meet fellow investors and potentially find the best investment groups. Meetup groups often have active discussions and provide a platform for members to share their experiences and recommendations.
Attend Real Estate Workshops
Real estate workshops are often organized by investment groups or industry professionals. These workshops provide an opportunity to gain knowledge about real estate investing while also getting to know potential investment groups. Keep an eye out for workshops happening in the Chicago area and make an effort to attend them.
Research Workshop Topics
Prior to attending a real estate workshop, research the topics that will be covered and the speakers who will be presenting. Look for workshops that align with your investment goals and offer insights into the Chicago real estate market. Consider workshops that specifically mention investment groups or presenters who are known members of investment groups.
Engage with Workshop Speakers
During the workshop, actively engage with the speakers and presenters. Ask thoughtful questions and seek their opinions on investment groups in the Chicago area. Speakers at real estate workshops are often industry experts who have extensive knowledge and connections. Building a rapport with them can lead to valuable introductions and recommendations.
Network with Other Workshop Attendees
Take advantage of the networking opportunities provided during real estate workshops. Connect with other attendees and discuss their experiences with investment groups. Share your own goals and aspirations, and be open to receiving recommendations. Networkingwith other workshop attendees can lead to valuable connections and potential referrals to the best Chicago real estate investment groups.
Research Local Real Estate Associations
Chicago has several real estate associations that can provide information on investment groups. Explore the websites of these associations and look for any resources or directories that list investment groups operating in the area. These associations may also host events or offer membership options that could lead you to the right investment group.
Explore Association Websites
Start by exploring the websites of local real estate associations in Chicago. These associations often have dedicated sections or resources related to investment groups. Look for directories or lists of investment groups affiliated with the association. Take note of the groups mentioned and their contact information for further research.
Attend Association Events
Real estate associations frequently organize events and conferences where industry professionals, including investment group representatives, gather. Attend these events to network with representatives from different investment groups and learn more about their offerings. Association events can provide a platform for face-to-face interactions and deeper conversations with potential investment partners.
Consider Association Memberships
Some real estate associations offer membership options that provide access to a network of professionals, including investment group members. Consider joining these associations to gain valuable connections and insights into the best Chicago real estate investment groups. Membership benefits often include exclusive events, educational resources, and networking opportunities.
Conduct Due Diligence
Once you have shortlisted a few potential investment groups, it’s crucial to conduct thorough due diligence. Research each group’s track record, investment strategies, past projects, and member testimonials. Look for any red flags or negative reviews. A reputable investment group should have a solid reputation and a history of successful investments.
Review Group Websites
Visit the websites of the investment groups you are considering. Look for detailed information about their investment philosophy, past projects, and team members. A well-designed and informative website can indicate professionalism and transparency. Pay attention to any success stories or case studies they feature, as these can give you insights into their investment approach and track record.
Research Group Members
Research the backgrounds and experience of the group’s key members and leaders. Look for their professional profiles on LinkedIn or other platforms. Assess their expertise, track record, and involvement in the real estate industry. Experienced and knowledgeable leaders can bring added value to the group and increase your confidence in their investment strategies.
Check Investment Track Record
Evaluate the investment group’s past performance and track record. Look for information on their previous investments, returns generated, and any relevant statistics or metrics. A successful track record indicates the group’s ability to identify profitable opportunities and execute successful investments. However, keep in mind that past performance is not a guarantee of future success.
Seek Member Testimonials
Reach out to current or former members of the investment groups you are considering and ask for their testimonials. Hearing directly from individuals who have been part of the group can provide valuable insights into the group’s dynamics, communication, and overall experience. Ask about their investment outcomes, the support they received, and their satisfaction with the group’s performance.
Check for Legal Compliance
Ensure that the investment group operates within the legal framework and complies with all relevant regulations. Look for any certifications, licenses, or affiliations that demonstrate their commitment to ethical and transparent practices. This can help safeguard your investment and ensure that you are working with a reputable group that follows industry best practices.
Evaluate Group Structure and Benefits
Consider the structure and benefits offered by each investment group. Some groups may focus on specific types of real estate investments, while others may have a broader approach. Assess if the group’s investment philosophy aligns with your goals and risk appetite. Additionally, look for groups that offer educational resources, networking opportunities, and access to a wide range of investment options.
Assess Investment Focus
Evaluate the investment group’s focus and determine if it aligns with your investment goals. Some groups may specialize in residential properties, while others may focus on commercial or multi-family properties. Consider your own preferences and risk tolerance when assessing the group’s investment focus. Choosing a group that aligns with your interests can enhance your overall investment experience.
Consider Educational Resources
Investment groups that offer educational resources can be valuable for both novice and experienced investors. Look for groups that provide access to workshops, webinars, or training materials that can enhance your knowledge and skills in real estate investing. Educational resources can empower you to make informed investment decisions and maximize your returns.
Evaluate Networking Opportunities
Networking is an essential aspect of real estate investing. Look for investment groups that facilitate networking opportunities among their members. These opportunities can provide access to potential partners, mentors, and industry professionals. A strong network can open doors to new investment opportunities and provide ongoing support throughout your real estate journey.
Assess Access to Investment Options
Consider the group’s ability to provide a diverse range of investment options. Look for groups that have a wide network of industry connections and access to various real estate opportunities. A group with extensive connections can present you with a broader range of investment options, allowing you to diversify your portfolio and mitigate risks.
Attend Group Meetings
Many investment groups allow potential members to attend their meetings as guests. Take advantage of this opportunity to get a firsthand experience of the group’s dynamics, discussions, and investment strategies. This will help you assess if the group is the right fit for you and if it provides the level of expertise and support you’re seeking.
Request Meeting Attendance
Contact the investment groups you are interested in and inquire about attending one of their meetings as a guest. Most groups are open to allowing interested individuals to observe their meetings. This allows you to get a sense of the group’s culture, interactions, and investment decision-making process.
Observe Group Dynamics
Pay close attention to the dynamics of the investment group during the meeting. Observe how members interact with each other, the level of professionalism, and the overall atmosphere. Assess if the group fosters a collaborative and supportive environment that aligns with your own values and goals.
Evaluate Meeting Content
During the meeting, evaluate the content and quality of the discussions. Are the investment opportunities presented well-researched and analyzed? Do members actively contribute their expertise and insights? Assess if the meeting provides value and if the investment group’s approach resonates with your own investment philosophy.
Ask Questions
Don’t hesitate to ask questions during the meeting. This is your opportunity to gain a deeper understanding of the group’s strategies, investment process, and expectations. Inquire about the group’s track record, risk management practices, and the level of involvement expected from members. Asking thoughtful questions demonstrates your interest and can help you make an informed decision.
Consider the Financial Commitment
Investment groups usually require members to make financial contributions or pay membership fees. Evaluate the financial commitment required by each group and ensure it aligns with your budget and investment capacity. Be cautious of groups that demand excessively high fees or make unrealistic promises of guaranteed returns.
Review Membership Costs
Review the membership costs associated with each investment group you are considering. Some groups may charge an upfront membership fee, while others may have ongoing fees or require a minimum investment commitment. Assess if the costs are reasonable and justifiable based on the group’s offerings and track record.
Evaluate Fee Structure
Understand the fee structure of the investment group. Some groups may charge a fixed fee, while others may base their fees on a percentage of the invested capital or returns. Evaluate if the fee structure aligns with industry standards and if it is transparent and clearly communicated.
Beware of Unrealistic Promises
Exercise caution when evaluating investment groups that make unrealistic promises of guaranteed returns or high-profit margins. Investments always carry a degree of risk, and no investment group can guarantee consistent profits. Be wary of groups that make overly optimistic projections or downplay the potential risks involved.
Consider Value for Money
Assess the value for money offered by each investment group. Look beyond the membership fees and consider the potential returns, access to investment opportunities, educational resources, and networking benefits. A group that provides a comprehensive package of benefits and support may be worth a higher financial commitment.
Seek Legal Advice
Before finalizing your decision to join an investment group, it’s wise to seek legal advice. Real estate investments can have legal complexities, and it’s essential to have a clear understanding of the group’s operating structure, legal obligations, and potential risks. A real estate attorney can review the group’s documentation and provide you with valuable insights.
Hire a Real Estate Attorney
Engage the services of a qualified real estate attorney who specializes in investment group matters. Provide them with the documentation and information related to the investment group you are considering. The attorney can review the legal framework, contracts, and agreements to ensure they are fair, transparent, and protect your interests.
Assess Legal Compliance
Request the attorney to assess the investment group’s legal compliance and adherence to industry regulations. This canhelp you identify any potential red flags or legal risks associated with the investment group. The attorney can also provide guidance on your rights and responsibilities as a member of the group.
Understand Operating Structure
Work with your attorney to gain a thorough understanding of the investment group’s operating structure. This includes reviewing the group’s bylaws, operating agreements, and any other relevant legal documents. Ensure that the group has a clear and transparent structure that outlines decision-making processes, profit distribution, and member rights and responsibilities.
Clarify Potential Risks
Discuss any potential risks associated with joining the investment group with your attorney. Real estate investments inherently carry various risks, including market fluctuations, property-specific risks, and legal liabilities. Your attorney can help you assess these risks and identify any specific risks associated with the investment group’s strategies or previous investments.
Join Multiple Groups
Consider joining multiple investment groups to diversify your real estate portfolio and gain exposure to a wider range of investment opportunities. Different groups may focus on different areas or have varying investment strategies. By diversifying your group memberships, you can increase your chances of finding the best investment opportunities in the Chicago real estate market.
Identify Complementary Groups
Look for investment groups that complement each other in terms of their investment focus and strategies. For example, you may join one group that specializes in residential properties and another that focuses on commercial properties. By diversifying across different property types and investment strategies, you can spread your risk and increase your chances of success.
Consider Geographic Focus
Explore investment groups that have a geographic focus beyond just Chicago. While investing locally can have its advantages, diversifying across different markets can provide additional opportunities and further mitigate risk. Look for groups that have a broader regional or national presence, allowing you to tap into different real estate markets and potentially capitalize on emerging trends.
Assess Group Compatibility
Ensure that the investment groups you join are compatible with your goals, values, and investment style. Different groups may have different cultures, expectations, and levels of engagement. Consider factors such as the group’s communication style, meeting frequency, and member involvement to ensure a good fit. Joining groups that align with your preferences can enhance your overall investment experience.
Maintain Active Involvement
Once you have joined an investment group, it’s essential to maintain active involvement. Attend meetings regularly, participate in discussions, and actively contribute your expertise and insights. Building strong relationships within the group can lead to valuable partnerships, mentorship opportunities, and access to exclusive deals.
Attend Meetings and Events
Make a commitment to attend investment group meetings and events consistently. Active participation allows you to stay informed about the group’s activities, investment opportunities, and industry trends. It also demonstrates your dedication and commitment to the group, which can lead to increased trust and collaboration with other members.
Contribute Your Expertise
Share your knowledge and expertise with the group. Participate in discussions, offer insights, and provide valuable input when evaluating potential investment opportunities. Your unique perspective can contribute to the group’s collective wisdom and help enhance the decision-making process.
Build Relationships
Take the initiative to build relationships with other members of the investment group. Networking within the group can lead to valuable connections, partnerships, and mentorship opportunities. Attend social events or organize informal meetups to foster camaraderie and strengthen relationships with fellow investors.
Stay Informed
Stay updated with the latest industry news, market trends, and regulatory changes that may impact the Chicago real estate market. Actively seek out educational resources and continue to expand your knowledge and skills in real estate investing. Staying informed allows you to make informed decisions and adapt your investment strategies accordingly.
Stay Updated with Market Trends
Real estate markets are dynamic and constantly evolving. Stay updated with the latest market trends, news, and regulations affecting the Chicago real estate market. This knowledge will enable you to make informed investment decisions and identify potential investment opportunities that align with the group’s investment strategy.
Follow Market Reports
Subscribe to market reports and publications that provide insights into the Chicago real estate market. These reports often include data on market trends, property prices, rental rates, and supply-demand dynamics. By staying informed about the market conditions, you can identify emerging opportunities and make more strategic investment decisions.
Monitor Local Economic Indicators
Keep an eye on local economic indicators that can influence the Chicago real estate market. Factors such as job growth, population trends, and infrastructure development can impact the demand for real estate and property values. Understanding these indicators can help you anticipate market shifts and position your investments accordingly.
Network with Local Professionals
Network with local real estate professionals, including brokers, property managers, and developers. Engage in conversations and seek their insights into the Chicago real estate market. Local professionals often have firsthand knowledge of market trends, upcoming developments, and investment opportunities. Building relationships with these professionals can provide you with valuable information and potential leads.
Attend Real Estate Conferences
Attend real estate conferences and seminars focused on the Chicago market. These events often feature industry experts who share their insights into market trends and investment opportunities. Take advantage of networking sessions to connect with professionals and stay updated on the latest developments in the local real estate scene.
Leverage Technology
Make use of technology platforms that cater to real estate investors. There are numerous online platforms and apps that provide tools for analyzing potential investments, tracking market trends, and connecting with other members of investment groups. Embracing technology can streamline your investment journey and enhance your overall experience.
Utilize Real Estate Investment Apps
Explore real estate investment apps that offer features such as property analysis, market research, and investment tracking. These apps can help you evaluate potential investment opportunities, stay organized, and monitor the performance of your investments. Look for apps that have positive reviews and a user-friendly interface.
Use Online Investment Platforms
Online investment platforms, such as crowdfunding websites or real estate investment marketplaces, can provide access to a wide range of real estate investment opportunities. These platforms often offer tools for due diligence, investment tracking, and communication with other investors. Research and choose reputable platforms that align with your investment goals and risk tolerance.
Stay Connected through Social Media
Follow real estate professionals, industry influencers, and investment groups on social media platforms such as Twitter, LinkedIn, and Facebook. These platforms provide a convenient way to stay updated with market trends, industry news, and investment opportunities. Engage in discussions, share your insights, and connect with like-minded individuals.
Utilize Online Research Tools
Take advantage of online research tools that provide information on property values, rental rates, and market trends in the Chicago area. Websites like Zillow, Redfin, and Realtor.com offer tools for property searches, market analysis, and neighborhood information. Utilize these tools to gather data and make informed investment decisions.
Seek Continuous Learning
Real estate investment is a continuous learning process. Stay committed to expanding your knowledge and skills in the real estate field. Attend seminars, read books, listen to podcasts, and follow industry experts to stay up to date with the latest investment strategies and trends. Continuous learning will only enhance your ability to find and evaluate the best investment opportunities.
Read Real Estate Books and Blogs
Invest in books and read blogs that focus on real estate investing. These resources provide in-depth knowledge and insights from experienced investors and industry professionals. Look for books and blogs that cover topics relevant to the Chicago real estate market to gain specific insights into the local investment landscape.
Listen to Real Estate Podcasts
Podcasts offer a convenient way to learn from real estate experts while on the go. Search for podcasts that cover topics related to real estate investing, specifically in the Chicago area. Listen to interviews, case studies, and discussions that provide valuable insights and practical advice for successful investing.
Attend Real Estate Webinars
Webinars are online seminars that offer interactive learning experiences. Look for real estate webinars that focus on investment strategies, market analysis, and case studies in the Chicago real estate market. Participate in live webinars or access recorded sessions to learn from industry experts and gain valuable knowledge.
Participate in Real Estate Mastermind Groups
Real estate mastermind groups bring together like-minded individuals who are committed to continuous learning and improvement. Join a local mastermind group or participate in online communities where members share their experiences, challenges, and insights. Engaging with other investors in a collaborative environment can expand your knowledge and provide support throughout your investment journey.
Network with Industry Professionals
Expand your network beyond your investment group by connecting with other industry professionals. Attend real estate conferences, join industry associations, and engage with professionals from related fields such as property management, finance, and construction. These connections can provide valuable insights, partnerships, and potential investment leads.
Attend Real Estate Conferences and Expos
Real estate conferences and expos attract professionals from various sectors of the industry. Attend these events to network with real estate developers, brokers,lenders, and other professionals. Engage in conversations, attend panel discussions, and participate in workshops to build connections and stay informed about industry trends and opportunities. Exchange contact information and follow up with individuals who may be valuable contacts for future collaborations or investment opportunities.
Join Industry Associations
Industry associations, such as the National Association of Realtors (NAR) or local real estate associations, provide opportunities for networking and professional development. Become a member of these associations and actively participate in their events and committees. This will allow you to connect with professionals from various sectors of the industry and expand your network.
Build Relationships with Local Professionals
Connect with professionals who work in related fields such as property management, construction, or finance. Attend local industry events, join professional organizations, and reach out to individuals in these fields. Building relationships with professionals who have complementary expertise can provide valuable insights, referrals, and potential partnerships for real estate investment opportunities.
Collaborate on Real Estate Projects
Consider collaborating with industry professionals on real estate projects. Partnering with professionals who have expertise in areas such as property development, property management, or finance can enhance your investment capabilities. Seek out opportunities to work together on joint ventures or explore partnerships where you can leverage each other’s strengths and networks.
Review and Reassess
Regularly review and reassess your involvement in investment groups. As your investment goals change or as you gain more experience, you may need to evaluate if your current groups still align with your objectives. Don’t hesitate to explore new groups or consider starting your own if you feel it’s the right step for your investment journey.
Evaluate Group Performance
Regularly evaluate the performance of the investment groups you are a part of. Assess if the group is meeting your expectations in terms of investment opportunities, communication, and overall performance. If you find that the group is not aligned with your goals or is underperforming, consider exploring other options that can better meet your needs.
Assess Personal Goals
Review your personal investment goals and assess if they have evolved or changed over time. As your financial situation or risk tolerance may have changed, it is important to ensure that your investment groups align with your current objectives. Consider if you need to adjust your investment strategy or explore new groups that can better support your updated goals.
Explore New Opportunities
Continuously explore new investment opportunities and stay open to joining additional investment groups. The real estate market is dynamic, and new groups may emerge that offer unique investment approaches or access to different markets. Stay informed about market trends and network with industry professionals to discover new opportunities and potential investment partners.
Consider Starting Your Own Group
If you have gained significant experience and feel confident in your ability to lead and manage a real estate investment group, consider starting your own. Starting your own group allows you to define the investment focus, criteria, and membership structure according to your preferences. However, make sure to carefully consider the responsibilities, legal implications, and time commitment involved in managing an investment group.
Conclusion
Finding the best Chicago real estate investment groups requires thorough research, due diligence, and active participation. By leveraging online resources, attending networking events, seeking recommendations, and staying informed, you can connect with reputable investment groups that align with your goals. Remember to continuously learn, evaluate, and adapt your investment strategy as you navigate the dynamic real estate market.