Fannie Mae’s Post

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat. #buyingandsellingahome #agent4thepeople #realestatewithJenniferDorn #northernvirginiahomesforsale #realestateagent #A4TPT

𝒪𝓇𝒶𝓃𝑔𝑒 𝒞𝑜𝓊𝓃𝓉𝓎 𝐻𝑜𝓊𝓈𝒾𝓃𝑔 𝑅𝑒𝓅𝑜𝓇𝓉 With sky-high rates and a collapse in home affordability, many wrongly conclude that there will be a wave of foreclosures and it is just a matter of time before the housing market crashes. Collectively, homeowners across the U.S. are healthier than ever before, which will prevent distressed sales and a housing crash What we’re seeing: → Active inventory is flat → Demand dropping slightly → Days on market taking longer → People hoping interest rates will go down What we can expect: → Demand dropping will continue November & December → 2024/2025 interest rates will go down → Inventory will not correct the problem for a long time → When interest rates comes down, demand will surge & prices will go up Subscribe to the Housing Report and get the full report and charts emailed to you every other week with the latest updates! https://bit.ly/48H6dIz ⁠⁠ Echelberger Group | DRE 01176379⁠⁠ @inhabit_realestate

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat. #realestateagent #mojicarealestateteam #homeownership

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat. Read more: https://lnkd.in/eDj-FeTr #realestatenews #expertanswers #housingmarket #richometeam

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat. #realestatenews #expertanswers #realestate #realtor #realestateagent #housingmarket

Broad Based Home Price Appreciation Nationwide After the markets were closed Monday for Christmas, the latest housing reports showed there’s broad based home price appreciation around the country while sales are expected to pick up this year. Here are the highlights: Home Sales “Will Improve in 2024” Home Prices Continue Higher Continuing Unemployment Claims Near 2-year High https://lnkd.in/gfY9qatD #housing #market #housingmar #2023 #2024

𝒪𝓇𝒶𝓃𝑔𝑒 𝒞𝑜𝓊𝓃𝓉𝓎 𝐻𝑜𝓊𝓈𝒾𝓃𝑔 𝑅𝑒𝓅𝑜𝓇𝓉 With sky-high rates and a collapse in home affordability, many wrongly conclude that there will be a wave of foreclosures and it is just a matter of time before the housing market crashes. Collectively, homeowners across the U.S. are healthier than ever before, which will prevent distressed sales and a housing crash What we’re seeing: → Active inventory is flat → Demand dropping slightly → Days on market taking longer → People hoping interest rates will go down What we can expect: → Demand dropping will continue November & December → 2024/2025 interest rates will go down → Inventory will not correct the problem for a long time → When interest rates comes down, demand will surge & prices will go up Subscribe to the Housing Report and get the full report and charts emailed to you every other week with the latest updates! https://bit.ly/48H6dIz ⁠⁠ Echelberger Group | DRE 01176379⁠⁠ @inhabit_realestate

I expect to see important shifts in the real estate market in 2024. The Federal Reserve forecasts that they will cut borrowing costs three times in 2024, a sign that the central bank is shifting toward the next phase in its fight against rapid inflation. These downward adjustments of interest rates will help increase home inventory by motivating Sellers to let go of their low interest rate homes, and the lower borrowing costs will help everyone, especially the first-time homebuyers, get into a dream home. Data shows 5% to be the rate that will drive would-be Buyers, and Sellers off the sidelines. If you are looking to make a move - be prepared with a full-time Realtor and pre-approval letter in hand because as the rates drop, the home buying frenzy will begin.

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat. #mihighfiveliving #realestatenews #expertanswers #realestateagent