Your 2024 Guide to Buying, Selling, and Market Trends
As we usher in 2024, it's time to demystify the real estate market for everyone, whether you're buying, selling, or just curious about what the new year has in store. This guide is crafted to give you all the essentials, packaged in a simple and easy-to-understand format. 1. 2023 in Review: A Quick Recap of the Real Estate Market Housing Prices: Last year saw a steady rise in housing prices in many areas, although there were regional variations. Interest Rates: Interest rates fluctuated, impacting mortgage rates and affecting both buyers and sellers. Market Demand: The market witnessed a high demand in suburban and rural areas, a trend that emerged during the pandemic. 2. Buying a Home in 2024: Strategies for Success For First-Time Buyers: Start by getting pre-approved for a mortgage to understand your budget. Look for areas with growth potential but lower prices. Shopping Smart: Research neighborhoods for future development plans. Inspect properties thoroughly and conside...