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Get answers to the big questions on everyone's mind: What will happen with inventory and mortgage rates — and will the NAR settlement impact the market? Lisa Sturtevant #realestatenews #realestate #NARsettlement #lawsuits #futureofrealestate

The main issues affecting the housing market today: low inventory, the "lock-in effect" of mortgage rates, and exclusionary zoning. Read more here: https://lnkd.in/gEc_Nv3y

Here are the 3 most commonly asked questions about the housing market...and expert answers with data! #housingmarket #dfwhomes #texas #texashomes #realestate #mortgage #marketshift #Denton #argyletx #movetotexas #interestrates #yourtrustedadvisor #educatedbuyer #expert #homeequity #beinformed

ESR Group’s 2024 Theme: “Housing Seeks Balance Amid Economic Uncertainty” “WASHINGTON, DC – The housing market is expected to begin a gradual return to a more normal balance in 2024, following years of significant oscillations in mortgage rates and divergences of key housing market measures from their historical, pre-pandemic relationships, according to the January 2024 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The ESR Group expects mortgage rates to decline in 2024, ending the year below 6 percent. The lower rate environment is expected to boost refinance volumes, which are already on the upswing, as evidenced by the recent uptick in Fannie Mae’s Refinance Application-Level Index, to nearly double their 2023 levels in 2024. Lower rates are also likely to help “thaw” the existing home sales market currently affected by the so-called “lock-in effect.” #theonesource #onekeymls #nyrealestate#nyrealtors #realestateadvice #realestatetips#longislandrealestate #nyhomes#nycrealestate #homeownership#housingmarket #askarealtor#realestatemarket #buyingahome#firsttimehomebuyer #homeselling #homeforsale #emptynest #dogfriendly #property #home #selling #foreclosure #home #SuffolkCountyRealEstate #MarketTrends #BuyersAndSellers #LadyAegisRealtyCorp #RonyPrincivilRealtor #NassauCountyRealEstate

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 many experts are optimistic we’ve turned a corner and are headed in a positive direction. Have any questions or a real estate need? Let's connect! Karen Colli Engel & Völkers East Greenwich 401-617-7020 [email protected] #2024housingmarket #expertsprediction #mortgagerates #homeprices #inventory #RhodeIsland #realestate #rhodeislandrealestate #rhodeislandrealestateagent #rhodeislandrealestateadvisor #sellingri

Housing market in 2024 shows signs of favoring buyers: high home prices & mortgage rates slightly decreasing, longer listing durations, rising inventories, and sellers cutting prices. Prospective buyers should keep an eye on these trends for better negotiation power. #HousingMarket2024, #RealEstateTrends, #HomeBuyingTips, #MortgageRates, #RealEstateInvesting, #PropertyMarket, #HousingInventory, #BuyersMarket, #HomePrices, #RealEstateNews

The housing shortage has propped up home values, bringing the housing market total valuation to an all-time record high of $46.8 trillion in June. This is 19.1% higher than two years ago. Read more about Redfin’s report. #Citizens #CitizensHomeMortgage #CitizensColleague #Mortgage #HousingMarket

Housing market predictions: Experts weigh in on the real estate outlook in 2024 No other phrase has defined the 2023 housing market like the “mortgage rate lock in effect.” The pandemic-era sub-5% mortgage interest rates that 85% of current mortgage holders are locked in to kept current homeowners from selling their home and buying another at elevated interest rates at 7.79% the week ending Oct. 26. Housing shortages will continue Builders now can chip away at the backlog of homes already under construction. Yet, even with these homes eventually coming to market, the housing market will likely remain structurally undersupplied. Mortgage rates and affordability Most experts predict the average 30-year mortgage rate to linger anywhere between 6.1% to 7% range in the first quarter, then decline throughout the year. New home construction With a decline for mortgage interest rates and an ongoing housing deficit, the forecast is a gain for single-family housing construction starts in 2024. This will be the first year of increase after declines in 2022 and 2023. - USA Today Tanusha Jagarlamudi Divanshu Arora

  ❌ 🏘 4 Housing Market Myths Hurting Today’s Buyers and Sellers The housing market has been decidedly stuck of late. Sellers with low mortgage rates are holding on to their homes, leaving buyers with scant listings to choose from. And buyers who do find a house face substantial economic challenges as median home prices and mortgage rates remain high. With sellers and buyers at an impasse, misconceptions and outright myths are popping up on both sides about the state of the market on social channels and forums. However, some of the supposed housing issues that are coming up time and again aren’t true. Here are the four biggest myths about the current housing market and why experts say they’re wrong. https://lnkd.in/dwf6AHQC