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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. in 2025, indicating four more 25 bps cuts.

Inventory 457
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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. As a result, the local housing market is going to be subdued in 2023, especially in the first half of the year. most likely by mid-year.

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Affordability, inventory, rates: An economist’s 2024 housing outlook

Inman

Windermere Real Estate Chief Economist Matthew Gardner offers his 2024 forecast for interest rates, home values and the potential for a housing market recovery.

Inventory 114
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DataDigest: How and where homebuilders are closing deals

Housing Wire

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. 2019 level.

Inventory 401
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January 2024 Massachusetts Housing Report

Lamacchia Realty

JANUARY 2024 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 5.2% year over year, with January 2024 at 3,751 compared to 3,956 last January. 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

Sellers 62
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January 2024 Connecticut Housing Report

Lamacchia Realty

JANUARY 2024 connecticut housing report CONNECTICUT Home Sales Down, Average Price Up Home sales are down 5.4% year over year, with January 2024 at 2,082 compared to 2,200 last January. Single families: 1,686 (2023) | 1,600 (2024) Condominiums: 514 (2023) | 482 (2024) Average sale price has increased by 11.8%

Sellers 58
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January 2024 Maine Housing Report

Lamacchia Realty

JANUARY 2024 MAINE housing report MAINE Home Sales Down, Average Price Up Home sales are down 3.6% year over year, with January 2024 at 904 compared to 938 last January. 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

Sellers 56