Lecture
This lecture covers the fundamentals of the real estate market, focusing on the interaction between supply and demand. It explains how prices are determined based on the equilibrium between buyers and sellers, and the consequences of excess supply or demand. The instructor illustrates scenarios where prices lead to either surplus or shortage, affecting the behavior of property owners and potential buyers. Through the analysis of market dynamics, students learn how adjustments in prices impact the balance between supply and demand, ultimately influencing market stability.