We all know that 2023 was arguably the worst year in memory for the housing market, and we are happy to leave it behind and look ahead to some improvements for homebuyers in 2024.

We wanted to start by giving you a quick breakdown of where we believe things are heading:

  • Lower inflation and a recession will help mortgage rates continue to improve.
  • Lower rates will combine with rising incomes to boost affordability for buyers.
  • Rents will continue to increase and keep demand for homes steady.
  • Inventory will rise slightly as more sellers list their homes, but high demand will keep prices steady and rising in most markets.

We’re committed to helping make this a great year for your business! We’ll be releasing our full 2024 Housing Forecast in the coming weeks, so please be on the lookout for that to share with your buyers 😊

Ready to get started?  We’re here to help!

Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com

Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com