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Buyers will finally see lower prices (-1.7%) and mortgage rates of 6.8% (on average), but may scramble to find inventory (-14%) as current owners happy with their low mortgage rates and pandemic home purchases stay put.
SANTA CLARA, Calif., Nov. 29, 2023 /PRNewswire/ -- Lower mortgage rates and easing prices will help spark the beginning of an affordability turnaround in 2024, according to the Realtor.com® 2024 Housing Forecast released today. But the supply of existing homes will still be t...
>>> Read more: Realtor.com® 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround
SANTA CLARA, Calif., Nov. 29, 2023 /PRNewswire/ -- Lower mortgage rates and easing prices will help spark the beginning of an affordability turnaround in 2024, according to the Realtor.com® 2024 Housing Forecast released today. But the supply of existing homes will still be t...
>>> Read more: Realtor.com® 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround
