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Real Estate Insight • January 23, 2024

3 Reasons Why People Are Thinking About Buying in 2024

by Sheena Alescio
  1. Surging home prices: more than 80% of metro areas experienced home price gains, with some markets having double-digit increases.
  2. High Demand: with fewer homes on the market, demand for available homes is higher than ever. It will take 2.8 months to move the current inventory level, well below the desired pace of 6 months.
  3. With Inflation on the decline and The Federal Reserve sending promising signals, there is optimism for dropping mortgage rates.

 There are positive signals indicating a stronger housing market in 2024.

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