Home Sales Growth Projected in 2024, Led by California Rebound and Affordable Midwest/Northeast Markets
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Southern California markets projected to see 13.1% average home sales growth in 2024 due to rebounding demand.
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Midwest and Northeast markets offer relative affordability compared to national median home price.
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37.9% of homeowners in affordable Midwest/Northeast markets have no mortgage, insulating them from rate hikes.
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California markets will see sales improvements in 2024 but still 20-35% below pre-pandemic levels.
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Toledo, OH tops the list with projected 22.3% combined home sales and price growth due to affordability and strong economy.