2024 Forecast: Housing Demand Rebound as Rates Dip, Inventory Rises
- 2024 will be a "pivot year" for housing as demand picks up and inventory increases
- Mortgage rates have fallen nearly 2% since October, reviving buyer demand
- Builders are using incentives like rate buydowns to attract buyers
- Tight resale inventory is driving more demand toward new construction
- Mindset shift needed that 5%+ rates are still historically low for long-term home loans