December 2023: National Market Update - Housing Predictions for 2024

What are the experts predicting for the 2024 housing market? Hi, I’m Krista Mashore with eXp Realty and The Mashore Group. Here are some anticipated trends and developments we can expect to see in the upcoming year. Many experts predict that home prices will continue to rise in 2024 at a slightly slower pace compared to previous years. According to National Association of Realtors Chief Economist Lawrence Yun: Home prices are expected to increase by around 3-4% in 2024. Inventory levels are likely to remain below what we as agents deem a balanced market, but should be at higher levels than in 2023. All eyes will remain on mortgage rates as we have seen the gradual increases over 2023. Forecasters are predicting interest rates to see a slight decline. Buyers will have more financial flexibility to purchase homes at higher prices and this could generate more housing demand. Sellers will also be in a better position to list their homes and find replacement properties. As always, these are predictions and the real estate market continues to remain volatile. If you would like to know what’s happening in your local area with pricing, demand, and inventory, please reach out to my team and I so we can help assist and guide you through this ever-changing market. I’m Krista Mashore and when you do what you love, people love what you do. Give us a jingle.

In 2018 Krista Mashore sold over 22 Million dollars worth of Real Estate and is named in the Wall Street Journal within the Top 100 Agents Nationwide. Please see the article at The Wall Street Journal. To see Krista's local recognition check out this link featured in the Brentwood Press

Kristas expertise and professionalism is revealed not only in the 14 years in Real Estate but also by being within the top 1% of all Realtors in Contra Costa County continuously since 2002.

Krista posses a Master's Degree in Education, previously employed as a School Teacher. Her excellence derives from her outstanding communication, skills, expertise in marketing, and her optimistic attitude towards life in general. Pristine Customer Service to her clients is a top priority. Krista has a natural ability for developing trust by her client base.