Housing markets refer to the buying and selling of residential properties, including houses and apartments. These markets are influenced by various factors such as supply and demand, interest rates, and economic conditions. When demand for homes exceeds supply, prices typically rise, while an oversupply can lead to lower prices. Local housing markets can vary significantly, with some areas experiencing rapid growth and others facing stagnation. Factors like job opportunities, school quality, and neighborhood amenities play a crucial role in attracting buyers. Additionally, government policies and regulations can impact housing availability and affordability, shaping the overall market dynamics.