Housing Market 2024 Predictions | Bankrate
Key takeaways
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Low levels of inventory mean that sellers continue to have the upper hand in the housing market.
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Mortgage rates have come down from their peak but are still high, and steep home prices are dissuading would-be buyers.
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If rates were to drop further, that would spur the market for both buyers and sellers.
With home prices historically high, inventory still very tight and big commission changes potentially coming mid-year, many prospective sellers and potential buyers are feeling nervous about today’s housing market.
The median sale price for an existing home in the US was $384,500 as of February
