What Buyers and Sellers Need to Know
Introduction
The real estate market is constantly changing. Understanding key trends can help buyers and sellers make informed decisions. Here’s what to expect in 2024.
1. Interest Rates and Affordability
- Mortgage rates are a major factor in home affordability
- Higher rates may slow buyer demand
- Refinancing options for existing homeowners
2. Inventory and Housing Supply
- Low inventory keeps prices high
- New construction trends and their impact
- How seasonal changes affect the market
3. Home Prices and Buyer Demand
- Predictions for home value appreciation
- What price points are in demand
- How to determine if it’s a buyer’s or seller’s market
4. The Rise of Smart Homes and Sustainable Living
- Increased demand for energy-efficient homes
- Smart home technology as a selling point
- The impact of eco-friendly materials
Conclusion
Staying informed on market trends can help you make smart real estate decisions. Whether you’re buying or selling, working with an experienced agent ensures you get the best results.
