The housing market refers to the buying and selling of residential properties. Recent trends show that home prices have been rising in many areas, driven by low interest rates and high demand. This has made it more challenging for first-time buyers to enter the market, as they face increased competition and limited inventory. Additionally, the rental market is also experiencing changes, with many people opting to rent due to affordability issues. As a result, rental prices have surged in various cities. Overall, these trends indicate a dynamic and evolving real estate landscape that reflects broader economic conditions.