As we move into the second half of 2024, the real estate market shows promising trends that can benefit both buyers and sellers. If you’re considering moving, Bellagio Real Estate will guide you. Here’s why now is the perfect time to get in touch with us:
Home Prices Are Expected to Climb Moderately
Forecasts from top industry sources indicate that home prices will continue to rise moderately. According to Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR):
“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the reason is that we don’t have housing inventory.”
While inventory levels are higher than in recent years, they remain low overall, ensuring prices will not plummet. Instead, they will appreciate steadily, making now a great time to invest in a property.
Mortgage Rates Are Forecasted to Come Down Slightly
Good news for buyers and sellers: mortgage rates are expected to decrease slightly. Forecasts from Fannie Mae, the Mortgage Bankers Association (MBA), and NAR support this. Lower mortgage rates can significantly reduce your monthly payments if you’re buying and attract more buyers if you’re selling, potentially increasing your home’s sale price.
Home Sales Are Projected to Hold Steady
The number of home sales in 2024 is expected to remain stable or even increase slightly. Lawrence Yun, Chief Economist at NAR, attributes this to:
“Job gains, steady mortgage rates, and inventory release from pent-up home sellers will lead to more sales.”
This stability means more opportunities to find your dream home or sell your current property at a favorable price.
Why Choose Bellagio Real Estate?
Bellagio Real Estate specializes in providing expert guidance in real estate, property management, and navigating homes for sale. Our team is dedicated to helping you find the best properties that match your needs and budget.
By choosing Bellagio Real Estate, you benefit from our deep knowledge of the market, personalized service, and commitment to your satisfaction. Whether you’re looking to buy, sell, or manage a property, we are here to ensure a smooth and successful transaction.
Take the Next Step Today
The real estate market in 2024 offers numerous opportunities for buyers and sellers alike. With moderate home price increases, potentially lower mortgage rates, and stable home sales, now is the time to act. Reach out to Bellagio Real Estate at (602) 456-4167 for expert advice and to start your journey towards your dream home. Our experienced team is ready to help you achieve your real estate goals and take advantage of the favorable conditions in 2024.
By incorporating these market insights, you can confidently navigate the real estate landscape with Bellagio Real Estate by your side. Don’t miss out on the opportunities this year has to offer—schedule your appointment today!
Follow us on social media!
Contact Us Today!
As we move into the second half of 2024, the real estate market shows promising trends that can benefit both buyers and sellers. If you’re considering moving, Bellagio Real Estate will guide you. Here’s why now is the perfect time to get in touch with us:
Home Prices Are Expected to Climb Moderately
Forecasts from top industry sources indicate that home prices will continue to rise moderately. According to Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR):
“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the reason is that we don’t have housing inventory.”
While inventory levels are higher than in recent years, they remain low overall, ensuring prices will not plummet. Instead, they will appreciate steadily, making now a great time to invest in a property.
Mortgage Rates Are Forecasted to Come Down Slightly
Good news for buyers and sellers: mortgage rates are expected to decrease slightly. Forecasts from Fannie Mae, the Mortgage Bankers Association (MBA), and NAR support this. Lower mortgage rates can significantly reduce your monthly payments if you’re buying and attract more buyers if you’re selling, potentially increasing your home’s sale price.
Home Sales Are Projected to Hold Steady
The number of home sales in 2024 is expected to remain stable or even increase slightly. Lawrence Yun, Chief Economist at NAR, attributes this to:
“Job gains, steady mortgage rates, and inventory release from pent-up home sellers will lead to more sales.”
This stability means more opportunities to find your dream home or sell your current property at a favorable price.
Why Choose Bellagio Real Estate?
Bellagio Real Estate specializes in providing expert guidance in real estate, property management, and navigating homes for sale. Our team is dedicated to helping you find the best properties that match your needs and budget.
By choosing Bellagio Real Estate, you benefit from our deep knowledge of the market, personalized service, and commitment to your satisfaction. Whether you’re looking to buy, sell, or manage a property, we are here to ensure a smooth and successful transaction.
Take the Next Step Today
The real estate market in 2024 offers numerous opportunities for buyers and sellers alike. With moderate home price increases, potentially lower mortgage rates, and stable home sales, now is the time to act. Reach out to Bellagio Real Estate at (602) 456-4167 for expert advice and to start your journey towards your dream home. Our experienced team is ready to help you achieve your real estate goals and take advantage of the favorable conditions in 2024.
By incorporating these market insights, you can confidently navigate the real estate landscape with Bellagio Real Estate by your side. Don’t miss out on the opportunities this year has to offer—schedule your appointment today!