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2024 Housing Predictions!✨

January 16, 20241 min read

January 16, 2024

By Isabel Guzman, Realtor®

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What are the experts predicting for the 2024 housing market? Hi, I’m Isabel Guzman Broker Associate and Realtor with eXp
Realty. Here are some anticipated trends and developments we can
expect to see in the upcoming year. Many experts predict that home prices will continue to rise
in 2024 at a slightly slower pace compared to previous years. According to National Association
of Realtors Chief Economist Lawrence Yun: Home prices are expected to increase by around
3-4% in 2024. Inventory levels are likely to remain below what we as agents deem a balanced
market, but should be at higher levels than in 2023. All eyes will remain on mortgage rates as
we have seen the gradual increases over 2023. Forecasters are predicting interest rates to see
a slight decline. Buyers will have more financial flexibility to purchase homes at higher prices
and this could generate more housing demand. Sellers will also be in a better position to list
their homes and find replacement properties. As always, these are predictions and the real
estate market continues to remain volatile. If you would like to know what’s happening in your
local area with pricing, demand, and inventory, please reach out to my team and I so we can
help assist and guide you through this ever-changing market. I'm Isabel and I'm always happy to help!

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Isabel Guzman

Isabel Guzman, Broker Associate & Realtor® with eXp Realty, is the founder and owner of the Colibri Group.

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Isabel Guzman, Broker Associate & Realtor®

GRI, EPRO, B.A, RENE

301 Main Plaza #214

New Braunfels, TX 78130

Phone: (830) 832-5589

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© 2021-2024 Isabel Guzman

Isabel Guzman is a licensed Broker and Real Estate Agent in the State of Texas and is a leading authority on Central Texas area real estate.

Her love for the communities she lives and works in are why we do what we do. Get to know her and see for yourself her passion and commitment to her profession and her community.