As mortgage rates ease, Redfin Head of Economic Research Chen Zhao joined Yahoo Finance Live to discuss the 2024 housing outlook after a “largely frozen” 2023 market.
Zhao expects next year’s homebuying season to be “better” than 2023 when inventory was low, rates were high, and prices sidelined buyers. As those headwinds abate, she anticipates a “transactions increase” in housing sales.
After a rapid acceleration in prices during the pandemic, Zhao predicts a 1% decline in prices for 2024. Zhao argues given high mortgage rates and high prices, housing has “hit a ceiling for affordability,” and, as a result, prices can’t really move much higher.
#realestate #mortgages #youtube
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N way – at 5% interest even – if you do your nuts
Keep waiting until the investors buy it all out 😉
Flippers and speculators who are panic selling their homes… Also there is no such thing as a real estate investor
Your videos always make me feel motivated.
Just bought my dream house locked in with 30 years 6% interest rate, it’s ok, will refinancing later. Like she said, don’t wait, go for it, good house hard to come by. You may face bidding war if multiple buyers like the same house.