ELI5: Explain Like I'm 5

Real estate trend

Okay kiddo, do you know what a house or a building is? Yes? Good. Now, imagine there are many houses and buildings in a city, and sometimes they are sold to other people who want to live or work there.

When many people want to buy houses or buildings in a particular area or city, it creates a trend. This can happen for different reasons. For example, if the city becomes more popular, if there are new job opportunities or if there are new attractions that make people want to live there.

When there is a trend in real estate, it means that many people are interested in buying or investing in properties in that area. This can cause the prices of houses and buildings to go up or down, depending on the demand.

People who work in real estate, like real estate agents, pay close attention to these trends. This way, they can help people find the right place to buy or sell, and they can advise them on how to make the most of their investments.

So, in summary, a real estate trend is when many people are interested in buying or investing in properties in a particular area, and it can cause the prices of houses and buildings to change.