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๐ก Key housing market stats The median home-sale price as of September 2024 was $404,500 — the highest September median NAR has ever recorded and only about $20K short of the all-time high
“A crash happens with oversupply,” Yun says. “A 30 percent decrease will not happen, because there isn’t enough inventory.” He believes the housing supply will balance out within five years.
Even though mortgage rates are high, Harris believes the luxury real estate market will be strong in 2024. “If rates remain high and there are buyers that have a lot of cash, they will spend it ...
2024 housing market forecast. Overall, Realtor.com forecasts that while mortgage rates will average 6.8% in 2024, they’ll edge down to 6.5% by the end of next year. Meanwhile, home prices will ...
McBride says a plateauing of prices is more likely than a steep fall, and other experts’ housing market predictions for 2024 align with that sentiment. Interest rates have fallen a bit recently ...
Those who braved the housing market in 2024 faced one of the slowest sales years in three decades. Next year is shaping up to be a little bit better.
Here are a few of her educated guesses into the 2024 real estate market. Read: Millennials Are Moving To 4 Surprising States for Affordable Housing Find Out: 3 Things You Must Do When Your Savings ...
It can be difficult to fully predict what the housing market will look like in 2024. What is less difficult, however, is using relevant data to forecast housing market trajectories at the local level.
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