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Expert Insights on the 2024 Housing Market Outlook

As we approach the threshold of 2024, the prospective homebuyer or seller is naturally inquisitive about the trajectory of the housing market. The bygone year, marked by elevated mortgage rates, perplexing narratives surrounding home prices, and a conspicuous scarcity of available homes, presented a set of challenges for those contemplating a real estate move. Yet, what does the horizon hold for the coming year?

Encouragingly, a chorus of experts resonates with optimism, suggesting that the housing market has taken a positive turn.

Mortgage Rates on a Downward Glide

In a promising development, mortgage rates have recently begun a retreat, offering a glimmer of hope to those grappling with affordability constraints. Mark Fleming, Chief Economist at First American, envisions a potential further decline, stating, "Mortgage rates have already retreated from recent peaks near 8 percent and may fall further." Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), concurs, asserting that the market is becoming more favorable for home buyers, instilling optimism as we venture into 2024.

Expansion in Housing Inventory

With the anticipated easing of rates, the housing market is poised for increased activity as more hesitant buyers and sellers re-enter the scene. A surge in seller listings may expand the supply of homes for sale, a trend that has already commenced. Lisa Sturtevant, Chief Economist at Bright MLS, predicts, "Supply will loosen up in 2024," emphasizing that even homeowners previously 'locked in' to low rates may find changing circumstances prompting more listings as rates approach 6.5%.

Moderate Growth in Home Prices

As mortgage rates recede, affordability receives a boost not only from lower rates but also from a moderation in home price growth. The Home Price Expectation Survey (HPES) from Fannie Mae anticipates a significant shift, stating, "On average, the panel anticipates home price growth to clock in at 5.9% in 2023, to be followed by slower growth in 2024 and 2025 of 2.4 percent and 2.7 percent, respectively."

In summary, the consensus among experts is that 2024 holds promise for the housing market. Early indicators suggest a turning point for those contemplating a move next year. Mike Simonsen, President and Founder of Altos Research, encapsulates the positive outlook, stating, "We're going into 2024 with slight home-price gains, somewhat easing inventory constraints, slightly increasing transaction volume... All in all, things are looking up for the U.S. housing market in 2024."

Conclusion: Charting a Positive Course

With experts expressing optimism for the housing market in 2024, those considering buying or selling a home in the new year are well-advised to stay abreast of the latest forecasts. Connecting with a trusted real estate agent is the optimal way to navigate the evolving landscape. As we stand on the brink of a new year, let's connect to ensure you're equipped with the insights needed to make informed decisions in the dynamic realm of real estate.

12-26-2023

Homeward Bound Newsletter December 2023

The Giving it Back and Paying It Forward Real Estate Newsletter

Gratitude, a key but often underestimated aspect of well-being, significantly enhances life by recognizing and appreciating positive elements. It not only boosts happiness by focusing on what we have rather than lack, but also improves physical health. Grateful people tend to maintain better health habits and report fewer issues.

Expressing gratitude strengthens both personal and professional relationships, fostering deeper connections through simple acts of appreciation. It also increases empathy and reduces aggression, making grateful individuals less likely to react negatively even under challenging circumstances. An often-overlooked benefit of gratitude is its positive impact on sleep quality. Writing in a gratitude journal before bed can promote more restful sleep. Additionally, gratitude boosts self-esteem by encouraging positive views of others' achievements instead of envy. One of the most profound effects of gratitude is its enhancement of resilience. It helps in coping with trauma and adversity, fostering a spirit of resilience even in tough times.

In conclusion, practicing gratitude is a powerful tool for improving overall well-being, strengthening relationships, and fostering a more optimistic mindset. Making gratitude a daily habit can lead to a more joyful, healthy, and fulfilling life.

As a result of working with over 2,000 families over a 40 year time span and through four documented recessions, we have developed a special market-proof program to quickly get an acceptable "cash" offer on any home. This is a very special gift that we are giving Home Owners wanting to make a move.

We will guarantee, in writing, a CASH Offer within 24 Hours at a Price Acceptable to any Home Owner wanting to sell the place they call home.*

This is where you come in… If you or anyone you know is considering making a move, we would like to offer them a FREE No Obligation to Sell Consultation to discuss just how they can make their move, get what they want and do it with the least hassle.

Just like we are thankful for you and your business, we are confident your referrals will be thanking you for steering them in the right direction on getting their home sold!!!

AND please remember, your REFERRALS help the Kids!
As you know, we love making guarantees! Our Goal for 2024 is to raise $10,000 for Give Kids the World Village. We do this by donating a portion of our ine frcomom homes we sell to Give Kids the World Village..

Give Kids The World Village is Making a Difference Today and for Tomorrow

As you know, we are on a mission to raise $10,000 for for Give Kids The World Village. GKTW is an 89-acre, whimsical nonprofit resort near Orlando that provides critically ill children and their families from your community and around the world with magical week-long wish vacations at no cost.

Since 1986,Give Kids The Worldhas welcomed more than 188,000 familiesfrom all 50 states and 76 countriesto laugh together, play together, and create priceless memories away from hospital stays and medical treatments. We are proud to be an official sponsor of Give Kids The World!

Who do you know considering buying or selling a home you could refer to our real estate sales team?

Not only will they benefit from our award winning real estate service, a very worthy cause will benefit as well. We want to make it easy to refer your friends, neighbors, associates or family members considering making a move. Just contact and call us at 720-463-0002.

A real estate company with experience, proven results and a give-back philosophy!

Over the decades of helping families sell or buy the place they call home we have met some of the most wonderful, loving, caring people sharing the same Go Serve Big values we do!

Refer your friends, neighbors, associates or family members considering making a move:

1. You can pass along our business card to them. We have enclosed a couple here for that purpose.

2. You can go tohttps://yourhomesoldguaranteedrealtyco.com/refer-a-friend.phpand enter their contact info online or forward the link to someone you know considering a move.

3. Of course you can always call us direct as well at 720-463-0002.

Why we Support Give Kids The World Village

We grew up going to Disney, Universal and SeaWorld in Orlando, FL. We were able to take our kids their time and time again while they were growing up as well. Little did we know right around the corner existed in89-acre whimsical nonprofit resortprovidingcritically ill children and their familiesfrom your community and around the world withMagical week-long wish vacations at no cost.

We were introduced to kids The world by a fellow real estate broker who set up a business meeting at their facility. We watched as they made wishes possible at an accessible storybook home away from home, where the ice cream was as limitless as the opportunities for fun and adventure.

We were so moved, we rallied everyone at our business to pull together and go all in in supportingGive Kids the World Village facility.From life’s simple pleasures to the stuff that dreams are made of, every wish family is treated to an all-inclusive experience including transportation, accommodations, donated theme park ticket, all meals and snacks, nightly entertainment, daily gifts and more.

Since 1986, Give Kids the World has welcomed more than 188,000 families from all 50 States and 76 countries to laugh together, play together and create priceless memories away from hospital stays and medical treatments.

Our team are committed to providing outstanding results for our clients selling and buying the place they call home. We have discovered Give Kids the World Village shares similar commitments to the kids and families they serve, and since their services survive on sponsorships and donations, we are happy to donate a portion of our income to support them. We encourage you to visit their website athttp://www.gktw.organd check out how they are making a difference in the lives of children and their families.

Feel free to call us now at 720-463-0002.

12-22-2023

CATEGORIES: Newsletter

December 2023 Newsletter

Welcome to our December 2023 newsletter. We aim to empower you a few tips to declutter your home, working within your timeframe, when you should start thinking about estate planning and how to get started, a trivia challenge, and lots more.

12-22-2023

CATEGORIES: Newsletter