What’s Inside
Mortgage rates should continue to come down. Get the data to explain rates are dropping and this will help ease affordability challenges.
As rates drop, home sales will increase. The peak of the rate lock-in effect may be behind us. Experts say more sellers (and buyers) should jump back into the market as rates come down.
Home price growth will moderate. See the visuals to show experts forecast home prices will continue to rise moderately (not fall) for years to come.
Buyers and sellers remain active in every economic environment, including when mortgage rates are high. Buyers determined to find a home they love will continue visiting homes with their agents, and as we mentioned previously, some sellers are reducing prices, which presents an opportunity for those buyers. ~ Mike Lane, VP ShowingTime
Get the Full January 2024 Report