Housing Market Forecast: What’s Ahead for the 2nd Half of 2024
The supply of homes for sale. For 2024, the number of home sales will be about the very same as last year and may even increase somewhat. With more inventory offered and mortgage rates anticipated to go down, a few more homes are anticipated to be offered this year compared to last year.
The supply of homes for sale. Simply keep in mind, costs aren’t anticipated to drop., even a small drop in mortgage rates can make a huge difference in your month-to-month payments. For 2024, the number of home sales will be about the exact same as last year and might even rise a little. With more inventory available and home mortgage rates expected to go down, a few more homes are expected to be offered this year compared to last year.