What term is used to describe the housing situation in the country?

The term "Macro market" is used to describe the broader housing situation across the entire country, encompassing national trends, data, and economic indicators that affect the housing market on a large scale. This includes factors like national housing policy, economic conditions, demographic shifts, and overall supply and demand patterns. Understanding the macro market allows real estate professionals to assess and predict market conditions and identify broader trends that influence local markets.

In contrast, the micro market refers to a specific local area or segment within the greater market, focusing on smaller, localized trends and conditions. The metro market typically relates to urban area real estate dynamics, while the neighborhood market pertains to even more localized trends within specific neighborhoods. Thus, the macro market provides a comprehensive view that is essential for understanding the overall health and trajectory of the housing situation in the country.