Housing Market

The housing market refers to the buying and selling of residential properties, influenced by supply and demand dynamics. When demand for homes exceeds supply, prices typically rise, making homes more expensive. Conversely, if there are more homes available than buyers, prices may drop. Factors affecting the housing market include interest rates, the economy, and demographics. A thriving housing market can boost the economy, while a downturn can lead to financial difficulties for homeowners and investors. Understanding the housing market helps individuals make informed decisions about buying, selling, or investing in property.