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It's a Good Life

S2E153 My Bold Predictions: The Surprising News for 2024

Dec 12, 2023
In this podcast, Brian Buffini discusses his bold predictions for the real estate industry in 2024 with NAR Chief Economist Dr. Lawrence Yun. They cover topics such as the impact of mortgage rates on buying houses, the state of home sales and prices, analysis of GDP growth and interest rates, predictions for decreasing mortgage rates, a lawsuit against real estate agents, and the top 10 reasons people are moving in 2024.
18:31

Podcast summary created with Snipd AI

Quick takeaways

  • Interest rates are predicted to drop in the coming years, creating a favorable environment for homebuyers and stimulating buyer demand.
  • There is a significant pent-up desire for sellers to move, driven by various factors including the need for more space and favorable interest rates.

Deep dives

Interest Rates are Projected to Drop

The podcast predicts that interest rates will drop in the coming years, with the Federal Reserve expected to cut rates three to four times. The bond market is already showing signs of lower rates, with mortgage rates projected to reach levels below 7% and possibly even 6.5% in the spring. This is anticipated to create a favorable environment for homebuyers and stimulate buyer demand.

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