“The offer will be relaxed in 2024. Even homeowners who have been characterized as being ‘tethered’ to low rates will increasingly find that changing family and financial circumstances will lead to more moves and more new homes for sale over the course of the year, particularly as rates approach 6.5%”
As mortgage rates ease, we are gearing up for a boost in the housing market activity. Buyers and sellers who momentarily hit pause are expected to rejoin the action. An uptick in seller listings is on the horizon – a trend that is already gaining momentum! This influx of new listings and increased inventory of homes for sale will bring a more balanced market and exciting possibilities for 2024 home buyers.
Kerby & Cristina Real Estate Experts | RE/MAX Results | 1143 South Shore Dr Plymouth, MN 55441 | 763-634-0073 | © 2023
Kerby & Cristina Real Estate Experts | RE/MAX Results | 1143 South Shore Dr Plymouth, MN 55441 | 612-812-9262 | © 2023
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