What are a real estate market predictions for 2024?
Demand is expected to continue to outpace supply. Mortgage rates have descended from their peak, and we can expect to see further decrease but nothing drastic. Lower mortgage rates can give an opportunity for affordability for buyers, but with more buyers entering the market and not sufficient supply, we might keep on seeing multiple offers keeping prices up.
Real estate experts widely agree that crash is unlikely, citing significant equity held by many homeowners as one of the reasons. Let's hope that lower rates might also entice hesitant sellers to participate in the market as well as more new constructions emerging, that would help narrow the gap between supply and demand.
Real estate experts widely agree that crash is unlikely, citing significant equity held by many homeowners as one of the reasons. Let's hope that lower rates might also entice hesitant sellers to participate in the market as well as more new constructions emerging, that would help narrow the gap between supply and demand.
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What are a real estate market predictions for 2024?
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