1. DEMOGRAPHICS: Major shifts in the demographics of a nation can have a large impact on real estate trends for several decades. These statistics are often overlooked but significant factor that can affect how real estate is priced and the types of properties in demand. There are numerous ways this type of demographic shift can influence the real estate market.

2. INTEREST RATES : Interest rates also have a major impact on the real estate market. Changes in interest rates can greatly influence a person’s ability to purchase a residential property. That’s because the lower the interest rate, the lower the cost of a mortgage. That’s great for borrowers, but it can also create greater demand for real estate, which then pushes prices up. As interest rates rise, the cost of a mortgage increases, thus lowering demand and real estate prices.

3. THE ECONOMY: Another key factor that affects the value of real estate is the overall health of the economy. This is generally measured by economic indicators such as the GDP, employment data, manufacturing activity, the prices of goods, etc.

4. GOVERNMENT POLICIES AND SUBSIDIES: Legislation is another factor that can have a sizable impact on property demand and prices. Tax credits, deductions, and subsidies are some of the ways the government can temporarily boost demand for real estate. Being aware of current government incentives can help you determine changes in supply and demand and identify potentially false trends

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