2024 Real Estate Market Update: What Buyers and Sellers Need to Know

In mid-2024, the real estate market is showing signs of change. Inventory is increasing, and homes are seeing more frequent price reductions. While property values are adjusting, they’re not falling dramatically. The supply-demand balance is influenced by higher inventory, but more people entering the market, including first-time buyers and those selling to buy again, help maintain demand. Interest rates may stabilize or even drop slightly, bringing more stability to the market. On the insurance side, home insurance rates have risen sharply, affecting budgets and buying decisions, especially in high-risk areas. For personalized guidance on navigating the current market or understanding how insurance and mortgages fit into your home-buying plans, you can schedule a one-on-one consultation with a licensed expert at ActualHuman.com. Our specialists in real estate, insurance, and more are available to help you make informed decisions.