Real estate market in 2024, 'will be another slow year,' economist says

U.S. new home sales pulled back by 5.6% in the month of October as mortgage rates remain higher for longer. Redfin Chief Economist Daryl Fairweather shares her predictions for the US housing market in 2024, taking into consideration mortgage rates and the amount of US homebuyers preferring all-cash offers.
"If rates fall below 7%, I think we're going to have a surprisingly strong year," Fairweather tells Yahoo Finance. "That's when I think we're going to see more people out there with bidding wars even."
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Пікірлер: 39

  • @KarlGrabe955
    @KarlGrabe9557 ай бұрын

    I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

  • @Elkemartin213

    @Elkemartin213

    7 ай бұрын

    I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

  • @Greghilton3

    @Greghilton3

    7 ай бұрын

    The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.

  • @CindyValenti

    @CindyValenti

    7 ай бұрын

    @@Greghilton3 in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of lose.

  • @Greghilton3

    @Greghilton3

    7 ай бұрын

    There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia” because I adore her methods. You can make research and find out more.

  • @CindyValenti

    @CindyValenti

    7 ай бұрын

    I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.

  • @Casey-summer
    @Casey-summer6 ай бұрын

    It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

  • @lilyhershey1

    @lilyhershey1

    6 ай бұрын

    I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?

  • @mellon-wrigley3

    @mellon-wrigley3

    6 ай бұрын

    If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

  • @sloanmarriott5

    @sloanmarriott5

    6 ай бұрын

    Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over 850k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.

  • @Gallo-firestone

    @Gallo-firestone

    6 ай бұрын

    ​ *@shirleygarland4766* I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

  • @sloanmarriott5

    @sloanmarriott5

    6 ай бұрын

    Renowned for her proficiency and expertise in the financial market, “Camille Alicia Garcia” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.

  • @Dfgbuiiyyyybb
    @Dfgbuiiyyyybb7 ай бұрын

    They keep talking about mortgage rate but wouldn’t the PRICE matter more?

  • @Curbalnk
    @Curbalnk7 ай бұрын

    I think it's time to make it more appealing for potential buyers. the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, Essentially why i'm at large for exit measures with my $500k liquidity

  • @kansasmile

    @kansasmile

    7 ай бұрын

    "Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, I am proposing cashing in, walking away and renting while putting the rest in the stock market.

  • @greekbarrios

    @greekbarrios

    7 ай бұрын

    Just because there are opportunities in the other markets does not mean you should dive in headfirst, if you're unsure if to remain in the housing market i suggest you consult a professional just like i did before making any move, That's how i've been able to stay afloat for almost 5 years with proper portfolio allocation earning about $1m in investment returns

  • @blaquopaque

    @blaquopaque

    7 ай бұрын

    @@greekbarrios wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your CFP please, if you don’t mind me asking? in dire need of asset allocation

  • @greekbarrios

    @greekbarrios

    7 ай бұрын

    Can't divulge much 'Monica Selena Park' deserves credit for my investing success as one of the finest financial planners out there, you should be able to locate her online if you are internet-savvy

  • @ppw350Zunit
    @ppw350Zunit7 ай бұрын

    I'm sorry but rates dropping under 7% will not help much this coming year. Needs to be closer to 5% to make a dent IMO.

  • @Jaythegoat.

    @Jaythegoat.

    7 ай бұрын

    Needs to be lower home prices.

  • @friedrichhoffmann4248
    @friedrichhoffmann42487 ай бұрын

    Ban foreign investors from speculating our housing market

  • @PatamaGomutbutra
    @PatamaGomutbutra7 ай бұрын

    Start with wrong assumption the real problem is OVERPRICE not rate.

  • @Jaythegoat.
    @Jaythegoat.7 ай бұрын

    During the pandemic it wasn’t just the 3% homes were actually affordable $250 $350k now sellers and builders want $600k $750k $800k for a regular home..

  • @IL_Bgentyl
    @IL_Bgentyl7 ай бұрын

    Never forget it’s better to have the assets vs wanting the assets

  • @gouravmisra2317
    @gouravmisra23177 ай бұрын

    Namaste ma'am good evening 🌆 watching from India 🎉🎉

  • @Jake-pf4kv
    @Jake-pf4kv7 ай бұрын

    Nothing about the high prices 😆

  • @Seadawg719
    @Seadawg7197 ай бұрын

    Bidding wars 😂

  • @user-ho1ln5ny1r
    @user-ho1ln5ny1r7 ай бұрын

    CEO of banks in US where they are now ?

  • @michaelotoo5543
    @michaelotoo55437 ай бұрын

    She's to Young to understand how the world really works don't look at the housing market look at the commercial market interest rates will keep going up to pay for the commercial loses what the small bank have on the books

  • @peterjna12
    @peterjna127 ай бұрын

    What's that black dot between her eyes?

  • @uberwebd9824
    @uberwebd98247 ай бұрын

    She must be smoking something goood

  • @godembassyministries7603
    @godembassyministries76037 ай бұрын

    Talking foolishness with so much confidence….. wow …. Look how rehearsed her responses are

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