Posted 4/12/2024, 3:32:00 PM
Home Buyers To Face Ongoing Headwinds In 2024 Housing Market Despite Slight Inventory Uptick
- Inventory will rise in 2024 but remain low compared to pre-pandemic levels, so competition will stay high
- Home prices are expected to keep climbing, peaking in summer per seasonal norms
- More buyers are likely to enter the market as they get used to higher mortgage rates
- Be ready with a budget, know your local market, compromise on must-haves, and don't be afraid to walk away
- The NAR settlement on agents' commissions adds complexity to an already tough process for buyers
