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WordNet-Online
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Definitions from the WebHousing MarketsDefinitionA housing market refers to the overall condition and activity of buying and selling residential properties within a specific area or region. Senses and Usages1. Popular Sense:In a popular sense, housing markets represent the general state of the real estate industry, including factors such as property prices, availability, and demand in a given location. Example Sentence: The housing market in the city has been experiencing a significant boom, with property prices skyrocketing due to high demand. 2. Local Sense:In a local sense, housing markets pertain specifically to the real estate conditions within a particular city, town, or neighborhood. It provides insight into the dynamics of buying and selling homes in that specific area. Example Sentence: The local housing market in our neighborhood has been relatively stable, with moderate price increases over the past few years. Related ProductsExplore further resources on housing markets: | ||||
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