As inflation rises and the cost of living continues to increase, many people are feeling the squeeze in their budgets. While it might seem tempting to rent and wait for the market to calm down, there’s a compelling reason why now could be the perfect time to buy a home: building wealth through homeownership.

A recent report highlights a powerful statistic: by 2024, the median net worth of homeowners is expected to be 42 times greater than that of renters. This wealth gap has been growing steadily over the past few years, even as the market has seen fluctuations. Let’s explore why homeownership remains one of the most reliable strategies for building financial security and why it’s a strong hedge against inflation.

1. Homeownership Builds Equity Over Time

When you rent, you’re paying for the privilege of living in someone else’s property. Your rent checks go toward their mortgage, helping them build wealth—not you. When you own a home, every mortgage payment you make contributes to your own equity. Equity is the portion of your home that you truly own, and it grows as you pay down your mortgage or as your home’s value increases.

According to data from the Federal Reserve and the National Association of Realtors (NAR), the median homeowner’s net worth has consistently risen, reaching $396,200 in 2022. In comparison, renters saw minimal gains, with their net worth hovering around $10,400. The difference is staggering, highlighting the long-term financial benefits of owning a home versus renting.

2. A Hedge Against Inflation

In times of inflation, homeownership serves as a powerful hedge. When prices go up, the value of tangible assets like real estate typically increases as well. This means your home not only holds its value but can appreciate over time, protecting your purchasing power. Meanwhile, rent prices tend to rise alongside inflation, making renting a less predictable and more costly choice.

By locking in a fixed-rate mortgage, homeowners can stabilize their housing costs and avoid the uncertainty of rising rents. While mortgage interest rates may fluctuate, they are often offset by the long-term appreciation of the property.

3. Long-Term Financial Security

Investing in real estate is a proven method for building wealth. In fact, for many Americans, the equity in their home represents a significant portion of their net worth. The chart below illustrates the growing gap between homeowners and renters over time:

•In 2019, homeowners had a median net worth of $295,500, compared to just $7,300 for renters—a 40x difference.

•By 2022, this gap narrowed slightly but remained substantial, with homeowners at $396,200 versus renters at $10,400—a 38x difference.

•The 2024 estimate shows homeowners reaching a net worth of $415,000, while renters are expected to remain around $10,000, widening the gap again to 42x.

This data, sourced from the Federal Reserve’s Survey of Consumer Finances and the National Association of Realtors (NAR), tells a clear story: Even during periods of economic uncertainty, homeowners continue to build wealth at a far greater rate than renters.

4. The Real Cost of Waiting

If you’re holding off on buying a home because of interest rates, consider this: Renting offers no return on your investment. Each month’s rent payment is money you’ll never get back. On the other hand, owning a home allows you to build equity and benefit from property appreciation over time.

While it’s true that rates may be higher now than in recent years, waiting for the “perfect” market conditions could mean missing out on years of potential wealth building. Historically, real estate values have risen, and the financial benefits of owning a home far outweigh the costs of renting long-term.

Ready to Explore Your Homeownership Options?

If you’re ready to take the first step toward building lasting financial security, we’re here to help. Our team can guide you through the process, answer your questions, and help you find the best options for your budget and financial goals. Contact us today to get started.

Market Update: Will Rates Keep Moving Up?

As we move into November, let’s take a look at how the housing market has moved since our last update in August. For those of you waiting on the sidelines to purchase a home, here’s a recap of key trends and insights to help you decide your next steps.

1. Mortgage Rates Are Climbing Again

After hitting a low for the year at 6.08% (Freddie Mac PMMS) on September 26th, mortgage rates have steadily climbed through late September and October. By late October, rates reached 6.72% and continued to rise, reaching 6.79% in early November. While rates remain below the high of 7.22% seen in May, the consistent upward trend in recent weeks is a reminder for prospective buyers to keep an eye on borrowing costs. If you’ve been holding off due to rate fluctuations, acting sooner rather than later could help you secure a more favorable rate in case they continue moving up through the end of the year.

2. Home Prices Continue to Rise

Home prices have remained resilient, increasing steadily throughout the fall. Nationally, single-family home prices have climbed by approximately 5.8% year-over-year. Inventory shortages remain a key driver, with demand outpacing supply in many areas. Buyers should keep in mind that while prices are up, they’re unlikely to fall significantly due to ongoing housing shortages and strong market fundamentals.

3. Inventory Challenges Persist

The inventory of available homes for sale has remained tight since late summer. New housing starts have slowed, with Q3 seeing the lowest levels since 2019. This has kept competition high among buyers, particularly in desirable neighborhoods. If you’re actively looking, working with a knowledgeable real estate agent can give you an edge in navigating competitive markets.

4. Affordability Pressures

Although mortgage rates have softened earlier in the year, the recent climb combined with rising home prices has continued to weigh on affordability. The national median home price has reached a record high of $364,750, which has stretched budgets for many buyers. For those considering a purchase, now is the time to revisit your financial plan and determine your buying power.

5. Foreclosure Activity Remains Low

One positive note is the continued stabilization of foreclosure activity. Filings have decreased by 10% from 2023 levels and remain well below pre-pandemic numbers. This reflects a healthy market with fewer distressed properties, though it also means fewer opportunities for deep discounts.

6. Buyer Sentiment and Trends

Many prospective buyers remain cautious, influenced by concerns over economic uncertainty and affordability. However, the recent uptick in mortgage rates has also created urgency for some buyers to enter the market before rates climb higher. Open house attendance has ticked up slightly since late summer, signaling that more buyers are dipping their toes back into the market.

What Does This Mean for You?

If you’re waiting to buy a home, these developments present both challenges and opportunities:

• Rising Mortgage Rates: Acting sooner could help you avoid even higher borrowing costs as rates continue to climb.
• Rising Prices: Acting sooner rather than later could help you avoid paying even more as home prices continue to climb.
• Tight Inventory: Partnering with a real estate professional can help you navigate limited inventory and identify opportunities.

Closing Thoughts

The housing market is always evolving, and staying informed is crucial. If you’ve been waiting on the sidelines, now may be the time to reassess your strategy and take advantage of changing conditions. Whether it’s locking in a mortgage rate before it climbs further or exploring creative ways to find your dream home, being proactive can set you up for success.

As always, we’re here to help you navigate the market and answer any questions you have. Reach out to us today to discuss your home-buying goals and how we can help you achieve them.

Stay tuned for updates, and let’s make your home ownership dreams a reality. Contact us today to discuss how we can help you plan for your future home in light of the latest economic developments.

Disclaimer: This information is provided for general informational purposes only and does not constitute financial or legal advice. Market conditions and financial regulations can change rapidly. Always consult with a licensed financial advisor, real estate professional or your loan officer before making decisions based on this information.

Seize the Moment: The Last Jobs Report May Benefit Homebuyers and Homeowners

In recent news, the July jobs report revealed a weaker-than-expected increase in payrolls, with the U.S. adding only 114,000 jobs compared to the anticipated 175,000.

Additionally, the unemployment rate rose from 4.1% to 4.3%. This news has caught the attention of Federal Reserve Chair Jerome Powell, who noted that the central bank is closely monitoring these labor market developments and is prepared to cut interest rates if growth weakens significantly.

Why This Matters for Homebuyers

The possibility of future interest rate cuts offers a unique opportunity for those considering entering the housing market. Here’s why now might be the perfect time to buy:

Lower Rates on the Horizon

Historically, when the Federal Reserve cuts interest rates, mortgage rates tend to follow suit, becoming more favorable for borrowers. With Powell’s recent comments indicating readiness to lower rates if needed, potential buyers should be prepared for a decrease in borrowing costs in the near future.

Avoiding Future Competition

As rates decrease, more buyers typically enter the market, increasing competition and driving up home prices. By purchasing now, you can secure your dream home at current prices before the market heats up. If you can afford today’s payment, it might be wise to act sooner rather than later, securing a property before competition intensifies.

Long-term Investment

Real estate remains a solid long-term investment. Even if rates are high now, purchasing a home that suits your needs and budget could prove beneficial over time. As rates fall, refinancing opportunities will arise, allowing you to adjust your mortgage to more favorable terms.

What This Means for Current Homeowners

For those who purchased homes in the past few years, the potential for rate cuts brings the promise of financial relief through refinancing:

Refinancing Opportunities

With mortgage rates expected to decrease, homeowners who locked in higher rates during recent years will soon have the opportunity to refinance. This could lead to substantial savings on monthly payments and overall interest costs over the life of the loan.

Increase in Home Equity

As home prices continue to rise due to increased demand, homeowners may see an increase in their property value. This rise in equity could offer additional financial flexibility, whether through refinancing, home equity loans, or lines of credit.

Addressing Common Concerns

Q: Is now a risky time to buy given economic uncertainty?

A: While economic conditions are always subject to change, the current environment presents a unique opportunity to lock in a home at today’s prices before rates and competition potentially increase. Real estate is a long-term investment, and purchasing now could position you well for the future.

Q: Should I wait for rates to fall further before refinancing?

A: Timing the market perfectly is challenging. If you’re considering refinancing, it may be beneficial to consult with a mortgage advisor who can help you evaluate your options and determine the best course of action based on your financial situation.

Final Thoughts

The recent shifts in the labor market and Jerome Powell’s comments about potential rate cuts signal a pivotal moment for both homebuyers and homeowners. By staying informed and proactive, you can make the most of these changes, whether you’re looking to purchase a new home or refinance an existing mortgage.

At Northpoint Mortgage, we’re here to help you navigate these opportunities and find the best solutions for your needs. For more personalized advice, reach out to one of our experienced loan officers today. Let’s turn these economic shifts into your advantage!

We’ve said it before, but it’s not always about the lowest possible rate to get into the home you truly want today. Waiting for the lowest rates might seem like a good plan, but it could also lead to buying in a more competitive market where home prices have risen due to increased demand.

If you find a home you love and can afford it now, taking the step today might be smarter. You’ll avoid the rush and might get a better deal in a less crowded market.

Remember, buying a home is not just about the interest rates but finding the right place for you and your family. If the numbers work for you now, it could be the perfect time to make a move and secure your future home.

Let’s stay positive and informed, making smart decisions that lead us to the homes of our dreams. Happy house hunting!

Stay tuned for updates, and let’s make your home ownership dreams a reality. Contact us today to discuss how we can help you plan for your future home in light of the latest economic developments.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any decisions based on this information.

As part of our commitment to keep you informed, we’re providing a snapshot of the latest FOMC meeting and its implications for the mortgage market. With this ongoing series, you’ll get timely insights after each meeting, helping you make informed decisions about your home financing needs.

Let’s talk about the latest news in money matters and what it means for those of us looking at buying homes or making the most of our current ones.

1. Inflation and Prices: Yes, things are still a bit expensive, but the good news is that the increase in prices is slowing down. This means that while things aren’t cheap, they’re not getting more expensive as quickly as before.
2. Steady Spending and Solid Jobs: People are continuing to buy things at a good pace, and jobs are still strong, which is great for stability. It means most of us are still working and earning, which is essential for planning big purchases like homes.
3. Economic Trends: The experts are keeping a close eye on the economy and say things are moving slowly in the right direction. Today, they shared some positive surprises, better than what many expected!
4. Interest Rates Hold Steady: The news today confirmed that interest rates aren’t dropping just yet. While this might seem like a bummer if you were hoping for lower borrowing costs, there’s a silver lining.

Despite the steady rates, many homeowners are finding now a great time to buy. Here’s why:

• Less Competition: With fewer people jumping into the market right now, you have more options to choose from and less pressure to make a quick decision.
• Stable Prices: Home prices are currently stable, giving you a chance to buy at a reasonable price before any potential increases when everyone rushes back into the market.
• Future Opportunities: If rates drop later on, you could refinance to a lower rate, potentially saving money in the long run.

Rate VS Home Price

While waiting for interest rates to drop might seem like a good idea, it could also mean entering a more competitive market where home prices have risen due to increased demand. If you find a home you love and it’s within your budget, acting now could be the smarter choice. You’ll avoid the future rush and may secure a better deal in a less crowded market.

Remember, buying a home is not solely about interest rates but about finding the right place for you and your family. If the financials work for you today, it might be the perfect time to make a move and secure your future home.

Let’s remain positive and well-informed, making wise decisions that lead us to the homes of our dreams. Happy house hunting!

Stay tuned for updates, and let’s make your home ownership dreams a reality.  Contact us today to discuss how we can help you plan for your future home in light of the latest economic developments.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any decisions based on this information.

As part of our commitment to keep you informed, we’re providing a snapshot of the latest FOMC meeting and its implications for the mortgage market. With this ongoing series, you’ll get timely insights after each meeting, helping you make informed decisions about your home financing needs.

The Federal Reserve’s latest announcement has given us a clearer roadmap of the economic landscape as we navigate through 2024.

Here’s what you need to know as a current or prospective homeowner:

Steady Rates for Now: The Fed has decided to hold interest rates steady, which means if you’re looking to buy a home or refinance soon, you may not see drastic changes in mortgage rates immediately.

Possible Cuts on the Horizon: There’s a silver lining for those waiting for lower rates. The Fed has signaled potential rate cuts later this year, but this will depend on how economic data evolves. Patience may pay off for those who are not in a hurry.

The Economy is Growing: With GDP forecasts showing an uptick, it’s a sign that the economy is on a solid track. A strong economy generally supports a stable housing market, which can be reassuring if you’re considering purchasing a home.

Affect on Mortgage Rates: While the Fed does not directly set mortgage rates, their policies heavily influence the direction these rates move. The projected rate cuts could lead to lower mortgage rates, making homeownership more affordable.

The Big Picture for Buyers: The current economic environment suggests a cautious approach. If you’re on the fence, it may be wise to start preparing now so you can act when the conditions are right.

For Those Refinancing: If you’re considering refinancing, the expected cuts could mean better rates in the near future. Keep a close eye on the market trends as we move through the year.

While today’s mortgage rates remain influenced by the Fed’s policies, there’s a potential for change as we progress through 2024. At Northpoint Mortgage, we are committed to guiding you through these times with expert advice and personalized service.

Remember, the art of timing the market is complex, and while forecasts can give us an idea, they’re not set in stone. Our team is here to help you evaluate your options, whether you’re buying your first home, upgrading, or refinancing. We’ll help you understand how these economic signals affect you personally.

Stay tuned for updates, and let’s make your home ownership dreams a reality.  Contact us today to discuss how we can help you plan for your future home in light of the latest economic developments.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any decisions based on this information.

As we welcome the warmer breezes and blooming azaleas in Georgia, it’s time to refresh and protect your home with these spring maintenance must-dos.

• HVAC Tune-Up: Georgia’s summers are hot, so service your HVAC early. Clean or replace filters, and check the coolant levels to keep your system efficient during those humid months ahead.
• Gutter Clearance: Remove any buildup of pine needles and leaves from your gutters. Ensure downspouts drain away from the foundation to prevent water intrusion.
• Roof Check: Inspect for any storm damage from winter. Look for loose or missing shingles, especially after any late winter storms, and address repairs promptly.
• Seal and Caulk: The fluctuating temperatures can cause seals to crack. Inspect and re-caulk around windows and doors to boost insulation and keep cool air in.
• Foundation Inspection: Examine for any new cracks or shifts in your foundation, a common issue in Georgia’s clay soil, especially after the winter moisture.
• Landscaping: Start pruning your trees and shrubs. Georgia’s spring growth can be vigorous, so shaping your landscape now can control growth and enhance curb appeal.
• Exterior Maintenance: Check for peeling or chipped paint, which can be more than cosmetic – it’s also about protecting your home’s siding from the elements.
• Safety Checks: Replace batteries in smoke detectors and ensure your carbon monoxide detectors are functioning, especially if you used gas heating over the winter.
• Deck Inspection: Prepare for those BBQs by inspecting your deck or patio for any necessary repairs. Look for warped, loose, or splintered boards, and consider re-staining or sealing.
• Pest Prevention: As the weather warms, pests become more active. Consider a pest control service to prevent infestations, particularly termites, which can be prevalent in Georgia.

Ticking these tasks off your list now can set you up for a carefree summer, ensuring your home stays in top shape for the season of sun and fun. If you have any questions or need assistance, remember, we’re just a call away.

Federal Reserve Chair Jerome Powell recently addressed the U.S. economy’s status, inflation, and interest rates. He acknowledged that interest rates had peaked and would likely decrease in the coming months, although he did not commit to rate cuts as soon as the Fed’s March meeting.

Powell highlighted the U.S. economy’s strength, noting solid growth, a robust labor market, and six months of positive inflation data, with expectations of further improvement. He stated that rate cuts would be considered once there’s greater confidence that inflation is moving towards the Fed’s 2% target. The current key interest rate is maintained in the 5.25%-5.50% range, with inflation described as “elevated” on a one-year basis, even as it shows signs of decline​​.

In a separate interview, Powell mentioned that the Fed is on track to cut interest rates three times this year, likely starting as early as May. This plan aligns with the cooling inflation and the healthy state of the economy, which shows no signs of an impending recession.

The Fed’s preferred inflation measure showed a decrease to 2.6% in December from the previous year, indicating a move towards the target level. Powell acknowledged past delays in addressing inflation but expressed optimism about the current economic conditions and the direction of inflation​​.

What could that mean for mortgage rates in 2024?

Typically, when the Fed cuts its benchmark interest rate, it can lead to lower mortgage rates.

However, mortgage rates don’t always move in lockstep with the Fed’s rate changes due to various factors, including market expectations and broader economic conditions.

In the short term, anticipation of future rate cuts by the Fed “could” lead to lower mortgage rates as lenders adjust their rates in response to expected changes in monetary policy.

Also, it’s important to note that the Fed’s future rate cuts are contingent upon continued progress in reducing inflation and maintaining a healthy economy. If the economic data does not align with these expectations, it could influence the timing and extent of any changes to mortgage rates.

Furthermore, mortgage rates are influenced by demand in the housing market, investors’ expectations about future inflation, and global economic factors, among other things.

Therefore, while the direction of the Fed’s policy can provide an indication, it’s just one of many factors that determine mortgage rates.

Overall, if the Fed follows through with rate cuts later this year, there’s a potential for mortgage rates to decrease, making borrowing cheaper for homebuyers and those looking to refinance.

The reality is that no one has a crystal ball for mortgage rate movement, no one. So, we ALL have to monitor economic and financial market developments that may affect mortgage rates. These will play a crucial role in the actual movement of mortgage rates, especially in the short term.

When it comes to uninvited guests, pests are the least welcome. Professional pest control services can be a worthy investment, but if you’re a homeowner looking to save some cash, there are effective DIY strategies to keep common critters at bay.

Let’s dive into practical pest prevention and control measures you can do yourself!

Identify Your Pests!

First things first, identify what’s bugging you. Ants, roaches, mice, and spiders are common culprits. Different pests require different approaches, so know your enemy before you declare war.

Keep It Clean

A clean home is your first line of defense. Regularly vacuuming and wiping down surfaces can deter pests. Make sure to keep crumbs off the floors and counters, store food in airtight containers, and manage garbage effectively.

Seal Them Out

Pests can’t bother you if they can’t get in. Inspect the exterior of your home for cracks, holes, and gaps, especially where utility lines enter. Use caulk, steel wool, or appropriate sealants to close entry points.

Dry Them Out

Many pests are drawn to moisture. Fix leaky faucets, ensure good drainage at the foundation, and use dehumidifiers in damp areas like basements.

Natural Repellents

Consider natural deterrents. Peppermint oil can repel spiders and ants, while diatomaceous earth is effective against a variety of insects. Just make sure to use food-grade diatomaceous earth if you have pets.

Baits and Traps

For an infestation, sometimes combat is necessary. Bait stations can be effective for ants and roaches. For rodents, various traps are available. Be sure to place these out of reach of children and pets.

Regular Maintenance

Keep up with landscaping. Trim branches away from your home and manage vegetation to reduce pest hiding spots. Regularly inspect your home for signs of pests to catch problems early.

DIY pest control can be a simple addition to your regular home maintenance routine. By being proactive and vigilant, you can protect your home from the tiny invaders without breaking the bank. Remember, if an infestation gets out of hand, it may be time to call in the professionals.

Congratulations on your new home! As you settle in, it’s crucial to prepare for the colder months ahead. Winterizing your home not only keeps you cozy but also saves on heating costs and prevents costly repairs. Here’s a beginner-friendly guide to help you navigate your first winter as a homeowner.

1. Seal the Drafts:

One of the simplest yet most effective ways to winterize is to eliminate drafts. Use weather stripping around doors and windows to seal out cold air. For a quick test, hold a candle near window and door seams; if the flame flickers, you’ve got a draft that needs sealing.

2. Insulate Your Attic:

Heat rises, and without proper insulation in your attic, it can escape. Check your attic’s insulation levels and add more if needed. The recommended insulation level for most attics is R-38 (about 12–15 inches, depending on the insulation type).

3. Protect Your Pipes:

To prevent your pipes from freezing and bursting, insulate those that are exposed to cold air. For extra precaution during very low temperatures, let faucets drip slightly to keep water flowing.

4. HVAC Maintenance:

Replace your furnace filter to ensure your heating system runs efficiently. Consider scheduling a professional HVAC inspection to check for any potential issues before they become big problems.

5. Utilize Your Thermostat:

Investing in a programmable thermostat can lead to significant savings on your heating bill. Set it to lower the temperature when you’re not home and to warm up the house before you return.

6. Reverse Your Ceiling Fans:

If your ceiling fan has a reverse switch, use it to run the fan’s blades in a clockwise direction after you turn on your heat. This simple trick pushes hot air down and helps distribute it more evenly throughout your home.

7. Check Your Fireplace:

If you have a fireplace, ensure the damper is closed when not in use to prevent warm air from escaping. If you’re not using the fireplace at all, consider a chimney balloon to block the opening.

8. Emergency Kit:

Winter weather can be unpredictable. Keep an emergency kit with essentials like flashlights, batteries, blankets, and a first aid kit. If you have a generator, ensure it’s in working order.

9. Garden Care:

Don’t forget about your outdoor space. Drain and store hoses, and cover outdoor faucets. If you have a lawn, give it a final mow and fertilize it to ensure a healthy start in the spring.

Winterizing your home is a proactive approach to comfort, safety, and efficiency. By taking these steps, you’ll not only enjoy a warmer home but also peace of mind knowing you’re prepared for whatever the winter throws your way. Here’s to a cozy and secure first winter in your new home!

The past year defied many expectations in the housing market, with significant shifts that caught many by surprise. As we look ahead to 2024, understanding these trends is crucial for anyone considering buying a home. Here’s a breakdown of what happened in 2023 and what experts predict for 2024.

A Look Back at 2023

The housing market in 2023 was marked by unpredictability:

• Home sales plummeted by approximately 17% from February to October.
• Contrary to many forecasts, home prices surged, with a 7% increase throughout the year, surpassing the 2022 peak.
• Mortgage rates reached unexpected heights, with the 30-year fixed-rate mortgage peaking at 7.79% in October, a 23-year high.

This culmination of factors led to a notably less affordable housing market, with existing home sales dropping to levels last seen over a decade ago. However, despite fewer transactions, competition for available homes pushed prices upward.

What’s on the Horizon for 2024?

Experts suggest a more stable outlook for the upcoming year, termed the “year of incremental change.” Here’s what potential homebuyers should keep an eye on:

Mortgage Rates: A Gentle Decline

• After a series of consecutive weekly falls, mortgage rates are anticipated to continue their descent in 2024, though not dropping below 6%.
• Predictions from various sources suggest an average mortgage rate hovering around 6.5% to 6.8% by year-end.

Home Prices: Stabilizing but Not Plummeting

• The influx of more homes into the market should help stabilize prices. Some forecasts indicate a slight decrease in home values, while others expect a modest increase.
• Overall, don’t expect dramatic drops in prices. The market might see minor adjustments rather than a significant downturn.

Home Sales: An Upward Trend

• With a bit more inventory and slightly eased mortgage rates, home sales are expected to rise. Projections suggest an increase of around 13.5% in existing home sales.
• New home construction is also predicted to contribute to a boost in inventory, potentially aiding market balance.

Regional Highlights

• Southern states, particularly Texas, and affordable Midwestern regions are expected to see notable market activity.
• Cities like Austin, Dallas, Fort Worth, Nashville, and several others are pinpointed as markets to watch.

Final Thoughts for Homebuyers

The 2024 housing market offers a glimmer of hope for those disheartened by the past year’s turbulence. While the days of ultra-low rates seem to be behind us, the market is moving towards a more balanced and predictable state. For prospective buyers, this could mean a slightly more favorable environment to make that crucial home purchase decision.

As we navigate these changes, staying informed and working with trusted real estate professionals will be key to making the best decisions in this evolving landscape.

For those considering stepping into the housing market in 2024, it’s a year that promises gradual change, potentially making it a more favorable time to buy a home compared to the unpredictability of the recent past.

Source: CNN