Posted 3/6/2024, 11:47:00 AM
Housing Market Poised for 'Seller's Sweet Spot' in 2024 as Rates Stabilize, Boomers Downsize
- Seller sentiment rebounded in late 2023 due to stabilizing interest rates and pent-up demand
- The spring selling season may start earlier than usual in 2024
- Several factors could align to create a "seller's sweet spot" in 2024 lower interest rates, high rents, new construction incentives, baby boomers looking to downsize
- 80% of adults over 50 are homeowners, the "Silver Tsunami" of retiring baby boomers could impact the market
- The 2024 selling season has potential to be unlike any other recent years