How To Thrive in Today's Real Estate Market

May 2, 2024

How To Thrive in Today's Real Estate Market

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.

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