Real Estate

Real estate markets to watch in 2024: Inventory and affordability

A stubborn lack of inventory and high mortgage rates kept many prospective homebuyers at bay for most of 2023.

Homeowners are holding on to their homes – and the sub-5% mortgage interest rates – instead of selling their homes to buy another at today’s elevated rates. With 85% of homeowners locked into pandemic-era low interest rates, it’s not surprising that existing home sales were down 15% year over year in October. Housing inventory was down 6% during the same timeframe.

But with mortgage rates steadily dropping over the past six weeks, averaging 7% for a 30-year fixed mortgage, down from nearly 7.8% at the end of October, experts believe 2024 could be the year that prospective homebuyers finally catch a break.

Which markets are poised to see the strongest combined increase in home sales and listing prices in the coming year?

Housing:Mortgage rates are dropping. Is this a

Read more
find a realtor

Shopping for Cellular Properties - Watch For These Issues

Real EstateEstablished in 1911, Douglas Elliman Real Estate is the largest brokerage within the New York Metropolitan space and the second largest impartial residential real estate brokerage within the United States by gross sales quantity. For nature lovers, Sicamous incorporates the well-known Yard Creek Provincial Park lies adjacent on the Lake neighborhood city. Situated 10miles west of Sicamous, the park is mostly a nice stopover camp or even base camp when going by way of the Shuswap while offering quiet, shady tenting environment. The icy temperature of Yard Creek precludes swimming on the most popular summer days. Sicamous Actual Estate usually organizes excursions for guests to this well-liked Park.

In at the moment’s world our credit standing is all the pieces. Creditors and bankers approve or disapprove loans depending on your credit history. In some instances it also will determine your credibility to sure employers or landlords. ? Then there are …

Read more