Zillow’s outlook for 2024 has been released and is of interest to many investors. From mortgage rates and prices to top markets and home flipping activity, the report offers predictions for all of these factors.
Here are the main points to take away.
Unlocking More Housing Supply
Zillow’s economists, together with general expectations surrounding the Federal Reserve’s actions next year, predict that interest rates, including those on mortgages, will remain elevated for a while. This prolonged timeline leads Zillow to project that previously hesitant homeowners will start accepting these higher rates and list their homes for sale.
Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.
