A Positive Shift in the Real Estate Market

January 29, 2024

A Positive Shift in the Real Estate Market

NDA Real Estate sees a positive turning point in the real estate market in 2024. According to recent Bloomberg survey,  US mortgage rates are likely to decrease this year, marking a shift after three consecutive years of increases.

  • Projections indicate a potential drop to 5.5% for a 30-year fixed mortgage, representing a decline of more than a full percentage point.
  • Despite this, experts suggest that more significant reductions may be necessary to stimulate the market. Only 10% of survey participants believe that a 6% rate would lead to a meaningful increase in single-family inventory, while 39% argue that borrowing costs hovering around 5% would be sufficient to make a notable impact.

Read the article from Bloomberg in its entirety here.

As an agency that specializes in off-market listings, NDA Real Estate will go above and beyond in finding your dream home. If we cannot find your dream home online, we will reach out to our personal network and source homes that have either yet to hit the market or have hit the market but are being marketed privately. We have helped many clients successfully find and purchase their dream homes by using this strategy. If you have been searching to buy a specific kind of home, but cannot find it online, please reach out to us by filling out this form. We will begin our off-market search for your dream home right away! 

Let's Talk

You’ve got questions and we can’t wait to answer them.