The housing market has been a rollercoaster ride, with high mortgage rates and home prices posing challenges for potential buyers.However, experts predict improvements in the market despite these hurdles.They believe that a possible Fed rate cut could stimulate the market, but the timing remains uncertain.On the other hand, the inventory shortage is expected to persist due to homeowners locked in at ultra-low mortgage rates. Read more about the housing market predictions for 2024 in this informative blog post.Read more here: https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/#HousingMarket2024 #RealEstateTrends #NathanPetrosianRealEstate ...

Great news for home buyers!
The average rate on the 30-year, fixed-rate mortgage has fallen to 6.77%, its lowest level since mid-March.
This is a positive development for the US housing market.
Despite lower rates, homebuyers seem unimpressed as applications for a mortgage to purchase a house fell 3% for the week.
However, refinancing saw a significant increase last week, with many homeowners seizing the opportunity of lower mortgage rates to reduce the interest rate on their current home loans.
The downward trend in mortgage rates is likely to continue, making it a great time to consider buying or selling.
#NathanPetrosianRealEstate #LasVegasHomes #HendersonProperties
Read more here: https://finance.yahoo.com/news/mortgage-rates-fall-to-lowest-level-since-mid-march-172645281.html ...