Housing Market 2024 Predictions. Low levels of inventory mean that sellers continue to have the upper hand in the housing market. 4 expert predictions for 2024.
Overall, we expect 4.3 million sales in 2024, up 5% year over year. Against a backdrop of modest economic growth, slightly higher.
Reflecting On 2023, We Witnessed A Market Striving For Equilibrium Amidst Fluctuating Mortgage Rates, Evolving Buyer Preferences, And A Landscape Forever Altered By The Pandemic.
Jan 1, 2024, 7:03 am pst.
Interest Rates Will Eventually Fall.
The best news for homebuyers is that prices are expected to start inching back downward this year.
Astoundingly Good Demographics And Strong Population Growth Will Keep Fuelling Demand For Housing.
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Will 2024 Be A Buyer’s Or A Seller’s.
More homes will hit the market as homeowners accept that mortgage rates aren’t falling any time soon “higher for longer” is the key refrain regarding mortgage rates looking ahead to the next year in housing.
Experts Say That The Combination Of High Mortgage Rates, Inflated Home Values And Scarce Inventory Suggest That 2024 Could Remain A Challenging Year For The Housing Market.
With the strength of the economy and mortgage rates on the decline,.
Housing Inventory Will Likely Still Be Low In 2024.