If you’re worried home prices will come down, don’t be. Out of eight expert resources, seven anticipate home price appreciation this year while Realtor.com predicts a small dip throughout 2024.
Keeping Current Matters compiled the predictions for others, including the Mortgage Bankers Association, Zillow, Goldman Sachs and the National Association of Realtors, to create the handy visual aide above. And as illustrated, with mortgage rates dropping, demand for homes is likely to be strong and will again put pressure on prices.
The bottom line remains that if you’re ready and able to buy, waiting just means it will likely cost more later.