Every now and then you hear on the television, or through passing, or even in daily conversation how the real estate market is always changing. The markets can change from city to city and state to state. You hear terms such as “it’s a buyer’s market,” or “it is soon going to be a seller’s market,” and “it’s a hot market.”
Everyone understands, simply by the description of the terms, that a buyer’smarket means themarket is best for buyer’s to be purchasing property. A seller’smarket means themarket is best for seller’s to be selling their property. And hotmarket, is often used by investors to describe amarket where there is a lot of investment activity and excellent land prices. This ultimately means increased return on investment for commercial real estate investors.