As we approach the beginning of 2024, many of you might be considering the exciting and significant step of purchasing a new home. This journey, while thrilling, requires careful planning and

Dated: September 21 2023
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Ready to FALL into the real estate market? Here are some market predictions for the upcoming quarter!
Home Prices and Rent Growth
• Home price and rent growth will likely level off for the remainder of 2023 and into 2024.
• Rent growth may overtake home price appreciation, with the rental market remaining strong and rental prices expected to increase.
• The number of renters is also expected to rise as the cost of homeownership increases, particularly in urban areas.
Mortgage Rates and Inventory
• Mortgage rates will remain high (above 6%), contributing to the overall high cost of home ownership.
• Unwilling to give up their sub-4% rates, sellers will likely stay put, causing the housing inventory shortages to persist.
• Joint real estate purchases will become more common as a way to afford larger properties and qualify for mortgages.
Buyer Trends
• Following a recent decline, the percentage of first-time homebuyers entering the market may rise in early 2024.
• Affordable markets in the Midwest, South, and Sunbelt will continue to attract younger buyers who are able to relocate due to remote work.
• Further, many are moving to be closer to family and loved ones, with 17% of recent buyers citing this as their primary motivation.
Are you ready to make a move? Reach out, I would love to help you find your dream home in time for the holiday season!
Mike Conner is a full time REALTOR who has been making his client’s dreams a reality 2003. Based in Centennial, Colorado, Mike is the expert to help you with all your home buying and selling nee....
As we approach the beginning of 2024, many of you might be considering the exciting and significant step of purchasing a new home. This journey, while thrilling, requires careful planning and
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