Coral Gables Home Owners

Professional Home Price Forecasts for 2024 Revised Up
There are 2 huge factors keeping such strong upward pressure on home rates. Real estate specialists routinely revise their home cost forecasts as the housing market shifts. If they trend down as the year goes on, as they’re expected to do, that might lead to more buyer demand and even higher home rate forecasts.

There are 2 big factors keeping such strong upward pressure on home rates. That increase in need, along with an ongoing lack of stock, is what’s caused the professionals to feel the upward pressure on rates will be more powerful than they expected a couple months ago. Real estate professionals routinely modify their home price projections as the housing market shifts. If they trend down as the year goes on, as they’re expected to do, that could lead to more buyer need and even higher home price forecasts. Now, they’ve altered their minds and forecast rates will grow even more than they initially believed.