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Interest rates are already falling fast. Within just a few months, mortgage rates alone fell by a point or more. But what happens to the housing market if mortgage rates continue to fall? What if we get back to the six or even five-percent range? Will a housing market frenzy restart? Or will supply pick back up and lead us into a flat, appreciation-less real estate market? Let’s look at the data and find out!
Dave is back to give his take on the 2024 housing market and what could happen if the Fed decides to lower rates EVEN more. With rate cut "intention" already being factored into the market, is there any room left for mortgage rates to fall even MORE? We’ll go over the supply and demand dynamics, why housing inventory could shoot up once rates fall, and whether or not we’re on the cusp of another smoking-hot housing market.
