An underlying factor - jobs, population, income, tourism - that generates need for real estate.
Related terms
- Demand-supply gap
The shortfall or surplus between the units a market needs and those it delivers; Egypt's persistent housing deficit and Gulf oversupply cycles are two sides of…
- Market cycle timing
Judging where a market sits in the recovery, expansion, oversupply, and recession phases to time entry and exit; mistiming the Gulf's sharp cycles is the class…
- Market depth
The volume of transactions and participants in a market, indicating how readily deals can be done.
- Market segmentation
Dividing a market into distinct buyer or tenant groups by need, price point, or location.
- Months of supply
The number of months it would take to sell current inventory at the current sales pace; under about six months signals a seller's market, above signals a buyer…
- Mystery shopping
Posing as a prospective buyer or tenant to gather competitor pricing, incentives, and sales practices firsthand; often the only way to get real transaction ter…
- Net absorption
The change in occupied space over a period, accounting for both move-ins and move-outs.
- Price index
A number tracking the change in prices of a defined basket over time relative to a base period; residential price indices let you compare markets on a common s…