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The Forecast for the Atlanta Real Estate Market in 2024

Hank Miller Team

How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? Spring typically sees listings jump, we will see it again this year. This assumes that no new listings are added to the market.

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The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Rising costs, COVID cases dip builder confidence

Housing Wire

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. While housing continues to help lead the economy forward, limited inventory is constraining more robust growth,” said NAHB Chief Economist Robert Dietz. “A

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August 2022 South Florida Housing Report

Lamacchia Realty

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Broward County single family and condo/townhome closed sales, new listings, and pending sales decreased. As inventory levels keep increasing (i.e.,