In a January meeting with Dr. Lawrence Yun, Chief Economist at the National Association of Realtors, Leah learned a few predictions for the 2024 market … and it’s definitely better news for everyone!

* The Federal Reserve has already signaled the likelihood of 3 rate cuts, with the first one expected in May or June—a few months after the typical spring market season starts.

* With rates forecasted to be low-6% to high-5% by the end of the year, many buyers and sellers who waited out 2023 will be looking to make a move in 2024. (FYI — 2023 had the lowest number of home sales since the 90s.)

* As you’ve heard us say many, many times … when more people are buying and selling, there’s more competition. This competition may lead to higher home prices, less time to consider a purchase before making an offer, and other benefits/challenges, depending on your position and perspective.

If you’re one of the many people who waited to see if 2024 would be a better year to buy or sell … it’s time to talk about your options! We anticipate the spring market to be extremely busy (obviously much more than last year), so it’s important to have a plan now if you want to take advantage of it.

Contact us to schedule a meeting to talk about your goals and plans. You don’t have to be certain you want to buy or sell in order to meet with us … our priority is to help you be informed about your options and the market of the moment so you can make the best decision.

If you’re selling, complete this form to request your personalized home value report. You’ll have a better idea of your equity, which is always important to know—and definitely essential if you’re considering a move.

Whether moving is in your immediate future or you’re interested in creating a long-term plan, we’re excited to help you!