Understanding Home Price Trends in 2024 with Krista Klause

🔑 Real Estate Insights by Krista Klause, San Antonio's Real Estate Expert 🔑

Amidst national home price increases, a Fannie Mae survey reveals 24% of people fear prices might drop in the next year. Are you one of them? Let's explore what experts predict for 2024.

Experts Anticipate Modest Price Growth

Various forecasts suggest a modest increase in home prices (see graph below). Tight inventory and lower mortgage rates are driving strong buyer demand, likely preventing price depreciation. CoreLogic's Chief Economist, Selma Hepp, notes:

"Early 2024 may see robust demand, similar to early 2023 trends, pushing prices up in most markets."

What This Means for You

If you're considering buying, this upward trend is encouraging. Homeownership is an investment where appreciation builds equity over time. Also, delaying your purchase could mean higher costs later.

Bottom Line

Concerned about falling home prices? Experts predict an increase instead. For specific market insights and advice on the right time to buy, consult a real estate professional like Krista Klause.

📞 Contact Krista Klause for expert guidance on navigating the 2024 housing market! 📞