Where is the housing market headed into 2024? Is this the year of lower rates and more inventory or a housing market crash? In this episode, Jeb Smith and Josh Lewis discuss their forecast for the housing market in 2024. They analyze factors such as wage growth, interest rates, inflation, and inventory levels to determine the direction of home sales and prices. They expect wage growth to increase and interest rates to decrease, improving affordability. They project a moderate increase in home sales, with a range of 4 to 4.5 million transactions. They also anticipate a 3-5% appreciation in home prices, driven by limited inventory. Overall, they provide a cautious but optimistic outlook for the housing market in 2024. The conversation discusses the projected home price appreciation for the next year and beyond, expert forecasts, and the continued trends in the housing market to help you become The Educated HomeBuyer.

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