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Are you gearing up to enter the real estate market in 2024? Whether you’re buying or selling, understanding the projections for the upcoming year can be a valuable asset:
1. Rising home prices. Surprisingly, despite the presence of high interest rates, experts are predicting a continued increase in home prices. Projections indicate a 2.8% rise by the end of this year, with an additional 1.5% increase anticipated in 2024. This suggests that buying a home remains a sound investment, providing potential returns in the years to come.
2. Increase in listings. The forecast for 2024 includes a positive uptick in the number of listings on the market. As more properties become available, it creates a more dynamic and diverse real estate landscape. This increase in listings is expected to contribute to a healthier market overall.
3. Projected growth. Looking ahead, experts are anticipating a growth in home sales for 2024. This is encouraging news for those considering buying or selling, as increased activity suggests a buoyant market. If you’re planning a move, this projection indicates a continuation of favorable conditions for both buyers and sellers.
With prices expected to rise, investing in a home remains a wise choice. The increase in listings provides more options for buyers, while the projected growth in home sales signifies an active and vibrant market. If you’re contemplating buying or selling a home in 2024, it’s essential to stay informed about market trends. If you have any questions, reach out by phone or email. Your real estate goals are our priority, and we’re here to guide you through a successful transaction.
