Housing market predictions for 2024

Key takeaways

Low levels of inventory mean that sellers continue to have the upper hand in the housing market.
Mortgage rates have come down from their peak but are still high, and steep home prices are dissuading would-be buyers.
If rates were to drop further, that would spur the market for both buyers and sellers.

With home prices historically high and inventory still very tight, many prospective sellers and hopeful buyers are feeling nervous about today’s housing market.

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Source: Bankrate

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