New Horizons: The 2024 Outlook for U.S. Real Estate
Too Long; Didn't ReadAs we enter 2024, the U.S. real estate market stands at a crossroads, with equal numbers of pundits and YouTubers forecasting a market crash while others predict a new run-up in housing prices. Marked by a complex interplay of economic challenges and technological innovations, the 2024 outlook is murky at best.
The aftermath of COVID-19, surging home prices, and the revolution in remote working have reshaped the housing market's fundamentals. This period of upheaval has laid bare the pressing issues facing buyers and sellers alike: affordability crisis, inventory shortages, and a seismic shift in where and how people choose to live.