2024 Real Estate Outlook
The first quarter of 2024 is predicted to be much of the same as we have experienced in 2023, in the rate arena. Lawrence Yung, Chief Economist has stated there is a distinct possibility that rates will dip to 6.5% in the Spring due to pent up buyer demand. Real Estate Coaching leader in North America and Canada is on record confidentially saying that 2024 will have 2 tails. First half much like 2023, however there will be a later than normal summer housing surge as predictions of rates dip to under 6%.
This is why buying now makes sense, with increased competition comes higher priced homes and less negotiations and leverage. With lowering rates just around the corner its a win-win for buyers and sellers. Buy now, refi later with lender and appraisal fee’s waived through Pacific Residential Mortgage and secure your new home at todays pricing. Many homes also have room to inflate the list price due to comparables and values being solid. Take a look at the predicted trends for transactions and rates moving into 2024 and 2025 and scroll all the way down for the program details. Do Not Wait! Check out these great listings to take advantage of this program today. Click for featured listings!.
Melissa Shaw
