The real estate market is affected by various factors such as interest rates, recession, and international relations. However, buyers and sellers should focus on their fundamental housing needs regardless of market conditions. The key is to have the right strategy to navigate through the market, and experienced real estate agents can help with that. Vendors can benefit from the current lack of stock by working closely with agents to put the right strategy in place and get a good price. Buyers should get back to basics and work with agents who know the strategies required to navigate through markets.