U.S. existing home sales squeaked past November forecasts, rising 0.8% for the month and bringing the seasonally adjusted annual rate to 3.82 million units sold. As much as the housing market needs fresh, first-time buyers to participate, inflated prices and elevated mortgage rates could still be squeezing prospective buyers from making a purchase. National Association of Realtors (NAR) Chief Economist Lawrence Yun and Middleburg Communities Chief Economist Brad Case join Yahoo Finance Live anchors Brad Smith and Brooke DiPalma to weigh in on home price trends to expect in 2024 and beyond. Yun notes that mortgage rates have come down, which will bring more buyers but insists home sales performance can’t be gauged until well into 2024 because home buying “is not a snap decision.” Case sees the high mortgage interest rates and the overall “bubblicious” nature of the market as factors that are holding people back from buying homes at the moment, and into 2024. #realestate #stockmarket #youtube About Yahoo Finance:
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