✔️ Homebuyers: Mortgage rates are expected to ease, hovering between 6.0% and 7.0%. Though prices remain high, buyers will get a bit of relief as we move into 2025.
Pro Tip: Keep an eye on inventory, as more listings may surface, offering more options and less competition.
✔️ Sellers: Competition from builders is growing, especially in the affordable housing market. If rates drop, demand from buyers will increase—timing will be everything!
✔️ Landlords: Renters are staying strong in the market, especially Millennials and Gen Z. Multifamily rents may dip slightly, but single-family rentals will stay solid with long-term tenants.
✔️ Investors: Multifamily properties are looking appealing as rents stabilize, and single-family rentals continue to perform well for long-term leases. Explore both options as rates hold steady!
–> Looking to buy in 2024 or 2025? Don’t go broke trying! Comment GUIDE and I’ll send you an invite to a free session where we’ll go over how to tackle today’s market and avoid costly mistakes!
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