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Housing market predictions for 2024

by | Nov 14, 2023 | Uncategorized

In November 2023, the U.S housing market is becoming increasingly challenging for buyers due to high mortgage rates, steep home prices, and low levels of inventory. This situation is expected to remain the same in 2024, however, a drop in mortgage rates could spur the market for both buyers and sellers. Home prices, mortgage rates, and inventory levels will all shape housing affordability in the coming year.

 

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Written By Tara Lubin

About Tara Lubin

Tara Lubin, a seasoned REALTOR and Broker Associate, is renowned for her exceptional service and deep knowledge of the Chicago real estate market. With a focus on luxury as a service level rather than a price point, Tara provides unparalleled guidance and support to her clients. Partner with Tara and experience the difference in your real estate endeavors.

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