A buyer’s market occurs when the number of homes for sale exceeds the number of buyers. This creates more competition among sellers and more negotiating power for buyers. Homes tend to stay on the market longer, and price reductions become more common. Buyers can often secure favorable terms, seller

Mortgage rates fluctuate based on broader economic conditions, particularly inflation, employment data, and the Federal Reserve’s policy decisions. When inflation rises, rates often increase to maintain the value of money. When the economy slows, the Fed may lower rates to stimulate borrowing and in

Supply and demand are the foundation of real estate pricing. When there are more buyers than available homes, competition increases and prices rise. Conversely, when housing supply grows faster than buyer demand—often due to overbuilding or higher mortgage rates—prices tend to level off or decline.