housing markets

Housing markets refer to the buying and selling of homes within a specific area, influenced by supply and demand. When more people want homes than there are available, prices tend to rise; when fewer want homes, prices usually fall. Factors like interest rates, economic conditions, job opportunities, and government policies affect these dynamics. A healthy market balances affordability with enough inventory to meet demand, providing stability for buyers and sellers. Changes in the housing market can impact overall economic health, as real estate transactions are significant contributors to financial activity and wealth.