Real estate markets refer to the buying, selling, and renting of properties, including residential homes, commercial buildings, and land. These markets are influenced by various factors such as supply and demand, interest rates, and economic conditions. Local trends can vary significantly, affecting property values and investment opportunities. In a real estate market, buyers and sellers interact through agents or directly. Real estate agents help clients navigate the process, providing insights on pricing and market conditions. Additionally, mortgage rates play a crucial role, as they determine how affordable properties are for potential buyers.