As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year.
They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire.
Sales, however, may see only mild improvement in the year ahead, while prices will remain more or less historically high, the forecasters believe. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.
Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as details ⇒
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