Hannah Jones - Realtor

Are you curious what is going to happen to the housing market in 2024? Me too!

In this video we look at past and present indicators of what is to come.

PAST
Negative forecasts about the economy turned out to be okay and Feds say they are likely finished raising rates.
The majority of Americans have low interest rates & produced a lock in affect on the market.

PRESENT
We have found our new normal - Not likely huge volatility in the market
3 certainties - taxes, death, moving - People will continue to move no matter the market.

FUTURE
If interest rates fluctuate between 5-7%, it will have a significant effect the market.
Baby Boomers Vs Millennials owning homes.
STABILITY

CORRECTION: During filming I said that only 25%-30% of Millennials have purchased homes. The correct stat is that 35%-49% of Millennials have purchased homes. Same price forces apply with Baby Boomers, but at a slightly less intense rate.

FORBES ARTICLE WITH MORE INFO - https://www.forbes.com/advisor/mortgages/real-estate/how-millennial-homeownership-reshaping-market/ #:~:text=2022%20marked%20the%20first%20time,and%20entered%20the%20housing%20market.

How to get a lot more $$$ when you list your home?! Follow these tips!