The State of the Housing Market
The State of the Housing Market January 25, 2024 By Damian Gerry As we look ahead to 2024, it’s important to consider the current state of the housing market and what factors may impact it in the coming year. The housing market has been recovering from the economic downturn caused by the COVID-19 pandemic, and there are several key factors that will likely shape the market in 2024. One of the most important factors that will likely continue to impact the housing market in 2024 is low interest rates. The Federal Reserve has indicated that it plans to keep interest rates low through 2024 to support the economy’s recovery from the pandemic. Low interest rates make it easier for people to borrow money to buy homes, which can lead to increased demand for housing and higher prices. Another key factor that will likely impact the housing market in 2024 is the state of the economy. As the economy continues to recover from the pandemic, it’s expected to grow at a steady...
