What Does the Number Five Have to Do with Real Estate?

What Does the Number Five Have to Do with Real Estate?

What's Happening in the Real Estate Housing Market?
August 14, 2024•2 min read

“The lower rates will increase the demand for housing and he is predicting we could see 5.5 million homes sold nationwide this year.” - Keeping Current Matters Real Estate founder, Steve Harney

2023 was undoubtedly a roller coaster ride for the housing market, leaving many scratching their heads amidst skyrocketing mortgage rates and dwindling inventory. But could 2024 be the year of the fives? Let's delve into the forecast.

Experts are anticipating a significant shift, with mortgage rates potentially dipping into the fives by mid-year. This drop is expected to unleash a wave of buyers who have been patiently awaiting a favorable rate environment. According to Steve Harney, founder of Keeping Current Matters Real Estate, this anticipated decline in rates could spur a remarkable 5.5 million homes sold nationwide this year – a promising outlook indeed.

Moreover, housing prices are forecasted to appreciate by approximately 5% from the previous year, offering a glimmer of hope for homeowners and investors alike. Additionally, the pent-up buyer and seller demand from 2023 is expected to spill over into 2024, setting the stage for a more competitive yet normalized market.

Sellers and buyers alike should prepare for the market to heat up in 2024. However, navigating these dynamics requires strategic guidance. While most agents are well-versed in market trends, aligning yourself with a great agent can make all the difference. A great agent not only understands the market but can also craft a tailored plan to suit your needs.

At Real Connect Realty, our team of exceptional agents is primed and ready to assist you every step of the way. Whether you're buying, selling, or investing, trust us to provide the expertise and support you deserve in this dynamic real estate landscape. Get ahead of the curve and seize the opportunities that the year of the fives has in store. Connect with us today and let's make your real estate goals a reality.

Ready to unlock your potential in real estate? Join our exclusive Buyers and Sellers Course today! Whether you're looking to buy your dream home or sell for top dollar, our comprehensive program provides you with the tools, knowledge, and strategies you need to succeed in today's market. Don't miss out on this opportunity to level up your real estate game! Sign up now and let's start achieving your goals together.

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Bringing extensive knowledge and experience of the Real Estate market, Allison offers her clients an outstanding level of service. Honesty and integrity are two characteristics that have helped Allison build a business of repeat clients and referrals. She has been selling Real Estate since 2014 and became a Top Producer in 2016. Allison's hard work and dedication to her clients have consistently Tripled her amount of Business every year. She specializes in helping people making a local move, selling their current home and purchasing another, but likes working with first time buyers as well since she can relate to them! While the process can be stressful, Allison focuses on making the transition as smooth and stress free as possible by getting to know her clients and meeting their needs. She always works with one goal in mind: to better serve her clients using the latest technology & marketing strategies, but without forgetting that "old-fashioned" values like professionalism and morals still matter to people, a lot. During a transaction as emotionally and financially important as buying or selling a home, the person who holds your hand during the process needs to be an expert, but also genuinely care about their client's and their families best interest. When Allison is not selling Real Estate, she enjoys spending time with her family and friends. She also Volunteer's at local charities and fundraisers.

Allison Mireau

Bringing extensive knowledge and experience of the Real Estate market, Allison offers her clients an outstanding level of service. Honesty and integrity are two characteristics that have helped Allison build a business of repeat clients and referrals. She has been selling Real Estate since 2014 and became a Top Producer in 2016. Allison's hard work and dedication to her clients have consistently Tripled her amount of Business every year. She specializes in helping people making a local move, selling their current home and purchasing another, but likes working with first time buyers as well since she can relate to them! While the process can be stressful, Allison focuses on making the transition as smooth and stress free as possible by getting to know her clients and meeting their needs. She always works with one goal in mind: to better serve her clients using the latest technology & marketing strategies, but without forgetting that "old-fashioned" values like professionalism and morals still matter to people, a lot. During a transaction as emotionally and financially important as buying or selling a home, the person who holds your hand during the process needs to be an expert, but also genuinely care about their client's and their families best interest. When Allison is not selling Real Estate, she enjoys spending time with her family and friends. She also Volunteer's at local charities and fundraisers.

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