2024 Housing Market Forecast
About 1 in four people think home prices will decrease in 2024, and you might be one of them. But, what if I told you I have data from over one hundred experts indicating the opposite? This group includes economists, investment strategists, and housing market analysts, all who have significant knowledge and experience in understanding pricing trends. The average predictions from those experts is showing prices will increase and not decrease. So, the big takeaway is this: prices are projected to rise every year for at least the next five years. While this forecast suggests a more moderate increase compared to recent trends, this is actually beneficial. it means the market is starting to stabilize. for potential buyers, interest rates have dropped nine consecutive weeks making this a great time to make a purchase. and acting now could mean securing a property before prices escalate further. I'm Janice Allen with Jaqua realtors and If you’re holding off on buying or selling, we need to talk today!