Скачать или смотреть 🏡 Exciting Real Estate Forecast for 2024! 🌟

According to Chief Economist NAR, Lawrence Yun, here's what's in store for the housing market:

📈 4.71 million existing homes are projected to sell nationwide in 2024, marking a robust increase of 13.5% from 2023.

💰 The median home price is expected to reach $389,500, showing a steady rise of approximately 1% compared to last year.

🚫 Foreclosures are anticipated to remain low throughout 2024, providing stability to the market.

📈 Housing inventory is set to increase by around 30% as more sellers list their properties, offering buyers more options to choose from.

🏠 Mortgage rates are forecasted to decrease from the high rates of 2023 and hover around 5 to 6% for a 30-year fixed mortgage, making homeownership more accessible.

👍 This is fantastic news for buyers who have been patiently waiting for increased inventory and lower mortgage rates to make their move into the market.

📊 Lawrence Yun also predicts a nationwide recovery in housing demand, especially in markets with significant pent-up demand.

🎉 Exciting times ahead for the real estate market! Let's make your homeownership dreams a reality in 2024! 🏡✨ #RealEstateForecast #HousingMarket2024 🌟🔑