Here’s a some -word draft on the U.S. Housing Market Structure:
The U.S. housing market is a complex system involving buyers, sellers, real estate agents, lenders, and government agencies. It includes two primary sectors: the new home market (construction and sales of newly built homes) and the existing home market (resale of homes). The market is influenced by supply and demand, interest rates set by the Federal Reserve, and economic indicators like employment and income levels. Mortgage lenders play a crucial role by financing home purchases. Regulatory bodies, such as HUD and the FHA, ensure compliance and support affordable housing. Market health is tracked through metrics like home prices, inventory levels, and housing starts.