Real Estate & Mortgage News & Market Updates | | 2024 Forecast: Affordability Surge Amid Mortgage Rate Drop ????????

Mortgage rates are anticipated to ↓ in 2024, potentially leading home prices to also ↓.
The current lock-in effect, where homeowners are hesitant to sell due to their low-interest-rate mortgages, may ease as rates decline.
A more affordable housing market is expected, with analysts projecting home prices to ↓ ~3% by the end of 2024.

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