BlockShopper.com is a website that provides comprehensive information on housing sales in selected cities and suburban towns, allowing users to input community names to retrieve relevant real estate data.
A buyer's market is a real estate market condition characterized by a surplus of available properties leading to more power for buyers to negotiate lower prices. Often, it is the result of economic downturns, overbuilding, or local population decreases.
Equilibrium refers to a state of stability in a real estate market where supply and demand are balanced, resulting in stable prices. Understanding this concept is crucial for appraisers and investors alike to make informed decisions.
A Seller’s Market refers to economic conditions where demand exceeds supply, allowing sellers to have more negotiating power and often leading to increasing prices and market activity.
A soft market in real estate refers to a market condition where there is an oversupply of properties, leading to decreased demand and lower prices, often creating favorable conditions for buyers.
