Residential Market

The residential market refers to the sector of the economy that deals with the buying, selling, and renting of homes and apartments. It includes various types of housing, such as single-family homes, townhouses, and condos. The market is influenced by factors like supply and demand, interest rates, and the overall economy. When demand for housing rises, prices typically increase, while a surplus of homes can lead to lower prices. Understanding the residential market helps potential buyers, sellers, and renters make informed decisions about property investments and living arrangements.