What is a buyers market? What is a sellers market? What are other factors that could cause a buyers or sellers market? Interest rates The health of the economy Is it currently a buyer or sellers market? There are many factors that cause a buyer or a seller market (or even a balanced market). The main factor is supply and demand. Other factors are interest rates and the health of the economy. There are a lot of outside factors that drive the direction of the real estate market.
If buyers are trying to offer sellers cheap deals to buy a home in a sellers’ market, now may not be the time to buy. The news of a lack of building materials and the number of houses available can make you think if this is the best time to buy a house. If mortgage rates remain low, you may be thinking about buying your first home or building a new one.