Mortgage rates are dropping. Here's what to expect in 2024 if you want to buy a home, experts say
Publishing timestamp: 2023-12-15 12:36:34
Summary
Experts predict signs of improvement for the housing market in 2024, with declining mortgage rates and growing inventory. However, affordability remains a challenge and high costs have delayed homeownership for many buyers. Rent prices have declined, but buying a home is still seen as the American Dream and a way to build wealth. First-time homebuyers may have a chance in the market now, but there may be increased competition. Refinancing is also an option.
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Keywords: economic events, new york city, cybersecurity, zillow group inc, interest rates, real estate, personal finance, business news, housing,
Source: https://www.cnbc.com/2023/12/15/heres-what-to-expect-in-2024-if-you-want-to-buy-a-home.html