If the real estate market is hot, why are so many frozen out?

What is a "Hot" Real Estate Market?

For the past two years, all that real estate professionals, economists and analysts seemed to talk about is the hot real estate market. But what does a "hot market" really mean? And if the market is hot, why are so many potential buyers frozen out?

In simple terms, a hot real estate market favors sellers due to high demand for property and a low supply of homes for sale. But when you look a little deeper, you see that current market conditions are based on much more than simple supply and demand. And although sky-rocketing real estate prices coincided with t...