Hollanify

Why is a Home Inspection a MUST in Your Home Buying Process? 🏠

As your trusted real estate agent, I emphasize the importance of a thorough home inspection!

It's not just about peace of mind; it's about uncovering any hidden issues that could impact your investment. From foundation to roof, let's ensure your dream home is in top-notch condition!

Don't skip this crucial step—let's safeguard your future investment together.

Alonna Olmstead
📲719-640-7106
📧[email protected]
🌐alonnaolmstead.remax.com

Wondering what the 2024 housing market might bring for homebuyers?

Here is the latest forecast:

1. Mortgage rates: While rates reached more than a two-decade high in 2023, they cooled at the end of the year. Expect them to settle between 6% and 6.5% in 2024. This is higher than pandemic levels but lower than 2023 peaks.

2. Home sales: The number of home sales is predicted to pick up in 2024 but will still be below average due to ongoing uncertainties in the economy and the housing market.

3. Home prices: The direction of home prices depends on market dynamics. If sellers enter the market before first-time buyers, expect a modest dip in prices early in the year. If buyers enter first, it will be a competitive market with rising prices. However, any price drop is likely to be short-lived due to low inventory levels.

4. Inventory: Inventory will increase somewhat in 2024, but it will still be low largely due to demographic factors, such as Baby Boomers staying in their homes longer and fewer homes available for downsizing.

5. Renting: Rental deals may be more attractive than buying in the early part of 2024 due to new apartment constructions and rent declines. Nonetheless, the demand for homeownership remains strong among millennials, a group that’s underrepresented in current homeownership statistics.

Thinking about buying this year? Contact me today! I’d love to help you on your home buying journey!

Alonna Olmstead
📲719-640-7106
📧[email protected]
🌐alonnaolmstead.remax.com

Ready for new beginnings in 2024?!

Whether you are ready to buy or sell, I’d really LOVE to help you!

Contact me today with any questions or concerns you may have, I am happy to answer them!

Alonna Olmstead
📲719-640-7106
📧[email protected]
🌐alonnaolmstead.remax.com