The article analyzes important real estate and real estate finance journals from 1986 to 2010. The focus has been on empirical research using residential real estate data to evaluate real estate investment. Asset pricing is crucial for real estate appraisal, with a shift towards appraisal issues in recent years. Interdisciplinary and sustainable aspects are rarely considered, with a primary focus on maximizing economic returns. The Financial Management Approach by Dasso and Woodward is dominant in the United States. Future research should explore interdisciplinary aspects and contribute to the theoretical foundation of real estate.