Meaning of “housing market” in the English Dictionary

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"housing market" in Business English

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housing marketnoun [ C, usually singular ]


the type, cost, and number of houses and apartments available in a particular area:

The suburbs of New York City are the most overvalued housing market in the country.

the activity of buying and selling houses, etc.:

The housing market has failed to pick up in the past two months.

(Definition of “housing market” from the Cambridge Business English Dictionary © Cambridge University Press)