To quote Wall Street Journal: “The pandemic was too hot, 2023 was too cold, 2024 won’t be just right but it will be heading in a normalizing direction.”

Mortgage Bankers Association predicts by year-end, rates will be 6.1%. Locally, we are hearing reports that the demand for housing will increase this year. The Federal Reserve just announced they intend to have at least 3 rate reductions this year.

Most people believe decreasing interest rates paired with the fact that a lot of people awaiting a new home purchase will cause the housing market to make a big shift.

Get READY. Buyers are preparing to go home shopping!