Mortgage rates, home prices should fall in 2024: Economist
Автор: Yahoo Finance
Загружено: 2023-12-05
Просмотров: 18232
Описание:
2023 has been a turbulent year for the housing market as 30-year fixed mortgage rates flirt with 8% while housing prices continue rising. Housing Inventories and potential home buyers have dropped off as a result. Redfin Chief Economist Daryl Fairweather joins Yahoo Finance to discuss why the housing market may have some relief on the horizon and trends in the US housing market for 2024.
"In the most likely scenario, we expect rates to come down to around 6.5-6% by the end of the year, which isn't a huge relief but it's enough to make hundreds of dollars of a difference for a potential homebuyer," Fairweather says.
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