Posts from December 28th, 2023

If you're thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what's on the horizon for the new year?

The good news is, it appears we've turned a corner and are headed in a positive direction.

Mortgage Rates Expected to Ease

Recently, mortgage rates have started to come back down. This has offered hope to buyers dealing with affordability challenges. 

For home buyers who are taking on a mortgage to purchase a home and have been wary of the autumn rise in mortgage rates, the market is turning more favorable, and there should be optimism entering 2024 for a better market.