How To Thrive in Today's Real Estate Market

The 2024 real estate market outlook foresees declining mortgage rates and a growing housing inventory, as economists predict a stabilizing market ahead. In the meantime, buyers facing limited options can explore various property types to broaden their choices.

If available move-in ready homes don't match your wish list, consider a fixer-upper. Usually priced 5% to 10% lower than comparable homes, the savings can be used to customize the house for your needs.

Sales of newly constructed homes were up 4.4% in 2023, and the gap between existing and new home prices has narrowed significantly. Building can be an exciting alternative, especially if resale inventory is modest in your area.

For a low-maintenance living option, condos continue to be a reliable investment. Additionally, many condo communities offer amenities and social opportunities.

A knowledgeable real estate professional can guide you through your choices to find a home that suits your lifestyle and price point.