[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2d9uxpsdtrnaj":3,"$ffeh0925h8cuz":51,"$f2emv3tus0uf1":55,"$fbwk2pqjjqsc7":59},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},55129,"housing-market-forecast-whats-ahead-for-the-2nd-half-of-2024","Housing Market Forecast: What’s Ahead for the 2nd Half of 2024","\u003Cp>As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240620\u002F20240624-Housing-Market-Forecast-What-s-Ahead-for-the-2nd-Half-of-2024-original.png","\u003Cp>As we move into the \u003Ca href=\"\u002F2024\u002F05\u002F20\u002Fwhats-next-for-home-prices-and-mortgage-rates\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">second half of 2024\u003C\u002Fa>, here’s what experts say you should expect for home prices, mortgage rates, and home sales.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Home Prices Are Expected To Climb Moderately\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Ca href=\"\u002F2024\u002F06\u002F12\u002Fhome-prices-arent-declining-but-headlines-might-make-you-think-they-are\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">Home prices\u003C\u002Fa> are forecasted \u003Ca href=\"\u002F2024\u002F05\u002F13\u002Fhome-prices-are-climbing-in-these-top-cities\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">to rise\u003C\u002Fa> at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-2024-Home-Price-Forecasts-1-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-2024-Home-Price-Forecasts-1-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Ffinance.yahoo.com\u002Fnews\u002Fhousing-experts-revise-mortgage-rate-forecasts-for-remainder-of-2024-113354358.html\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“One thing that seems to be pretty solid is that home prices are going to continue to go up, \u003C\u002Fem>\u003Cstrong>\u003Cem>and the reason is that we don't have housing inventory\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>While \u003Ca href=\"\u002F2024\u002F05\u002F16\u002Fthe-number-of-homes-for-sale-is-increasing\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">inventory is up\u003C\u002Fa> compared to the last couple of years, it’s still low overall. And because there still aren’t enough homes to go around, that’ll keep upward pressure on prices.\u003C\u002Fp>\u003Cp>If you’re \u003Ca href=\"\u002F2024\u002F06\u002F11\u002Fsavings-strategies-every-first-time-homebuyer-needs-to-know\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">thinking of buying\u003C\u002Fa>, the good news is you won’t have to deal with prices skyrocketing like they did during the pandemic. Just remember, prices aren’t expected to drop. They’ll continue climbing, just at a slower pace.\u003C\u002Fp>\u003Cp>So, getting into the market sooner rather than later could still save you money in the long run. Plus, you can feel confident experts say your home will \u003Ca href=\"\u002F2024\u002F06\u002F07\u002Fthe-wealth-building-power-of-homeownership-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">grow in value\u003C\u002Fa> after you \u003Ca href=\"\u002F2024\u002F05\u002F27\u002Fhow-va-loans-can-help-you-buy-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy\u003C\u002Fa> it.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Mortgage Rates Are Forecast To Come Down Slightly\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>One of the best pieces of news for both buyers and sellers is that mortgage rates are expected to come down a bit, according to \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fmedia\u002F51391\u002Fdisplay\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>Fannie Mae\u003C\u002Fem>\u003C\u002Fa>, the \u003Ca href=\"https:\u002F\u002Fimg03.en25.com\u002FWeb\u002FMortgageBankersAssociation\u002F%7B7e604828-7f2c-4117-a76f-fe8f3e6bdafc%7D_Mortgage_Finance_Forecast_May_2024.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>Mortgage Bankers Association\u003C\u002Fem>\u003C\u002Fa> (MBA), and \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fforecast-q2-2024-us-economic-outlook-04-25-2024.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">NAR\u003C\u002Fa> (\u003Cem>see chart below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-Mortgage-Rate-Projections-1-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-Mortgage-Rate-Projections-1-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>When you \u003Ca href=\"\u002F2024\u002F06\u002F03\u002Fmore-than-a-house-the-emotional-benefits-of-homeownership\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy\u003C\u002Fa>, even a small drop in mortgage rates can make a big difference in your monthly payments. For \u003Ca href=\"\u002F2024\u002F05\u002F29\u002Fhow-an-agent-helps-market-your-house\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">sellers\u003C\u002Fa>, lower rates will bring more buyers back into the market, which can help you \u003Ca href=\"\u002F2024\u002F05\u002F23\u002Fquestions-you-may-have-about-selling-your-house\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">sell\u003C\u002Fa> faster and potentially at a \u003Ca href=\"\u002F2024\u002F06\u002F06\u002Fyour-equity-could-make-a-move-possible\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">higher price\u003C\u002Fa>. Plus, it may help you get off the fence, if you’ve been hesitant to sell due to today’s rates.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Home Sales Are Projected To Hold Steady\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>For 2024, the number of home sales will be about the same as last year and may even rise slightly. The graph below compares the 2024 home sales forecasts from \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fmedia\u002F51616\u002Fdisplay\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>Fannie Mae\u003C\u002Fem>\u003C\u002Fa>, \u003Ca href=\"https:\u002F\u002Fimg03.en25.com\u002FWeb\u002FMortgageBankersAssociation\u002F%7B7e604828-7f2c-4117-a76f-fe8f3e6bdafc%7D_Mortgage_Finance_Forecast_May_2024.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">MBA\u003C\u002Fa>, and \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fforecast-q2-2024-us-economic-outlook-04-25-2024.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">NAR\u003C\u002Fa> to the 4.8 million homes that sold last year:\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-2024-Total-Home-Sales-Forecasts-vs-2023-1-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-2024-Total-Home-Sales-Forecasts-vs-2023-1-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>The average of the three forecasts is about 5 million sales in 2024 – a small increase from 2023. Lawrence Yun, Chief Economist at NAR, \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fpending-home-sales-ascended-3-4-in-march\" rel=\"noopener noreferrer\" target=\"_blank\">explains why\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Job gains, steady mortgage rates and the release of inventory from pent-up home sellers will lead to more sales.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>With more inventory available and mortgage rates expected to go down, a few more homes are expected to be sold this year compared to last year. This means more people will be able to move. Let's work together to make sure you’re one of them.\u003C\u002Fp>","\u003Cp>If you have any \u003Ca href=\"\u002F2024\u002F06\u002F04\u002Fwhat-to-expect-if-you-buy-or-sell-a-home-this-june\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">questions\u003C\u002Fa> or need help \u003Ca href=\"\u002F2024\u002F06\u002F10\u002Fselling-smart-why-a-real-estate-agent-makes-all-the-difference\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">navigating the market\u003C\u002Fa>, reach out.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240621\u002F20240624-2024-Home-Price-Forecasts-1-original.png",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},320,"Inventory","inventory",{"id":34,"name":35,"slug":36},327,"Forecasts","forecasts","2024-06-24T10:30:00Z","2024-06-24T10:30:18Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},54969,"the-downsides-of-selling-your-house-without-an-agent","The Downsides of Selling Your House Without an Agent","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240618\u002FThe-Downsides-of-Selling-Your-House-Without-An-Agent-KCM-Share-original.jpg","2024-06-21T10:30:00Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},54526,"how-long-will-it-take-to-sell-my-house","How Long Will It Take To Sell My House?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240611\u002F20240625-How-Long-Will-It-Take-To-Sell-My-House-original.png","2024-06-25T10:30:00Z",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[60,64,65,66,70,74,75,79,83,87,91,95,99,103,107,111,115,119,123,127,128,132,136,140,144,148,152,153,157,161],{"id":61,"name":62,"slug":63},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},7,"Foreclosures","foreclosures",{"id":71,"name":72,"slug":73},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},11,"First-Time Buyers","first-time-buyers",{"id":80,"name":81,"slug":82},34,"Senior Market","senior-market",{"id":84,"name":85,"slug":86},35,"Mortgage Rates","mortgage-rates",{"id":88,"name":89,"slug":90},38,"Move-Up","move-up",{"id":92,"name":93,"slug":94},41,"For Sale by Owner","for-sale-by-owner",{"id":96,"name":97,"slug":98},42,"Featured","featured",{"id":100,"name":101,"slug":102},45,"New Construction","new-construction",{"id":104,"name":105,"slug":106},52,"Luxury \u002F Vacation","luxury--vacation",{"id":108,"name":109,"slug":110},53,"Rent vs. Buy","rent-vs-buy",{"id":112,"name":113,"slug":114},80,"Time-sensitive","time-sensitive",{"id":116,"name":117,"slug":118},81,"Outdated","outdated",{"id":120,"name":121,"slug":122},147,"Internal","internal",{"id":124,"name":125,"slug":126},148,"Do Not Autopost","do-not-autopost",{"id":30,"name":31,"slug":32},{"id":129,"name":130,"slug":131},321,"Agent Value","agent-value",{"id":133,"name":134,"slug":135},322,"Affordability","affordability",{"id":137,"name":138,"slug":139},323,"Buying Tips","buying-tips",{"id":141,"name":142,"slug":143},324,"Downsize","downsize",{"id":145,"name":146,"slug":147},325,"Economy","economy",{"id":149,"name":150,"slug":151},326,"Equity","equity",{"id":34,"name":35,"slug":36},{"id":154,"name":155,"slug":156},328,"Selling Tips","selling-tips",{"id":158,"name":159,"slug":160},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":162,"name":163,"slug":164},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]