The 2024 Spring Real Estate Market Has Started
The 2024 Spring Real Estate Market has started in Hunterdon County New Jersey. Sellers get ready.
Typically the spring real estate market starts after Super Bowl weekend and runs until early June. 2024 is no exception on the timing but single family home inventory is incredibly low at the moment. As a result, this years spring market is the perfect opportunity to sell your home. Interest rates are still on the high side but savvy buyers are still shopping. Industry experts believe the Fed will lower interest rates at least a few times during 2024. This all depends on a number of factors including the inflation rate but low inventory and the hopes of lower interest rates makes for a great environment for sellers. I’m predicting the continuation of the sellers market for 2024.
Looking to buy or sell a home in 2024? Give me a call today at 732-735-0535.
First-Time Home Buyers
My Specialty
Transparency and patience are key virtues in building trust and helping first-time buyers feel confident in their decision.
Home Sellers
Now’s the Time
Choose me as your trusted home seller because I offer unparalleled dedication, expertise, and personalized service.
Home Buyers
I’m Here to Help
From identifying the perfect property to negotiating the best deal, I ensure a smooth and successful transaction.
Real Estate Investors
Land or Units
Whether you’re a seasoned investor or a begginer, I can help you find the right properties. Call, Email or Text today.
Realtor Amy Roth
54 Old Highway 22 – Suite 104
Clinton, NJ 08809
Cell: 732-735-0535
agentamyroth@gmail.com
#clintonrealestate #realtoramyroth
Visit my website here: https://amyroth.foxroach.com See the rest of my blog here agentamyroth.com
Realtor Amy Roth is well-positioned for the spring housing market in 2024, given the evolving trends in the real estate industry. As experts predict a shift in the market dynamics, with lower mortgage rates and a potential increase in market activity, having an experienced local real estate agent like Amy by your side can be invaluable123.
Market Trends and Predictions for 2024
- Mortgage Rates: Mortgage rates are expected to continue declining, providing an opportunity for buyers to enter the market with more favorable financing options23.
- Home Prices: Despite high home prices, experts anticipate modest increases in home prices, driven by persistent housing shortages3.
- Inventory Levels: Low housing inventory remains a challenge for buyers, with demand still outpacing supply in many markets3.
Buyer and Seller Strategies
- Buyers: Prospective buyers may find good deals in 2024, especially with lower rates and potentially lower competition. This could be an advantageous time to enter the market, particularly as affordability may see a slight improvement4.
- Sellers: Sellers might consider tapping into their equity for home improvements rather than moving, as affordability challenges persist for buyers3.
Cities with Bargain Opportunities
- Detroit: Offers affordable homes with nearly 10% projected growth in housing prices in 20244.
- Houston: Expected to see a healthy 9.10% growth in housing prices this year4.
- St. Louis: Projected to experience a 4.20% rise in home prices in 20244.
- Philadelphia: Below-median housing prices with a 2.30% growth expected this year4.
- Chicago: Median housing price growth projected at 2% for 20244.
In conclusion, as the spring housing market unfolds in 2024, Realtor Amy Roth’s expertise can guide both buyers and sellers through the changing landscape of the real estate market, offering valuable insights and assistance tailored to their specific needs and goals.
Call Amy Roth Today before the spring market passes you by.
Have additional questions?
I’m here to help. Let’s talk.