#USHouseMarketStructureDraft The Structure of the US Housing Market

The US housing market is one of the largest and most complex systems in the world. In this market, the public, private, and mortgage sectors work closely together. The market is primarily divided into the primary and secondary markets. The primary market sells new homes, while the secondary market sells previously owned homes. Mortgage loans are the main way to acquire housing. Prices and supply fluctuate based on demand, economic conditions, and interest rates. Government agencies also play a crucial role in stabilizing the market.