2024 Housing Market Forecast [INFOGRAPHIC]
Some Highlights
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Some Highlights
Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this changes your life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common […]
If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could make you feel uneasy, especially if you’re thinking about buying or selling a house. But the truth is, despite the numbers going up, the data shows the housing market isn’t headed for a crisis. Foreclosure Activity […]
Some Highlights
An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early signs that more listings […]
Some Highlights. Sources.
Have you been trying to buy a home, but higher mortgage rates and home prices limit your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable increase […]
Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation. Shelter inflation is the measure of price growth specific to housing. It comes from a survey of […]
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes. […]
Today’s housing market is facing a significant inventory shortage, with only half the usual number of homes available. This limited supply creates challenges for buyers who are struggling to find options, while also presenting an opportunity for sellers to have their properties stand out. Our infographic highlights the impact of this shortage and explains why […]
There’s been talk about a recession for quite a while now. But the economy, and particularly the housing market, has been remarkably resilient. Why? One reason is employment and wages within the housing sector have stayed strong. Let’s delve into the latest information on each one and why both are good news if you’re considering […]
Today’s housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission-critical to work with an expert who can guide you through each […]