Are you wondering about the Real Estate market for 2024?
These 3 questions may be on your mind…
1. What’s next for mortgage rates?
Historical trends indicate a link between mortgage rates and inflation. With inflation easing and the Federal Reserve pausing rate hikes, experts anticipate a potential decline in mortgage rates.
2. Where Are Home Prices Headed?
Contrary to concerns of a crash, home prices are rising across the nation, but at a slower pace. The Home Price Expectation Survey shows a consensus that prices will continue to climb in the coming years, reflecting confidence in sustained appreciation.
3. Is a Recession Around the Corner?
Recent years saw recurrent recession concerns, but there’s positive news. Despite previous expectations, the likelihood of a recession is decreasing, with leading indicators suggesting a more optimistic economic outlook.
