Jan 14, 2024
In this episode of the Martini Mortgage Podcast, Certified Mortgage Advisor and Raleigh Mortgage Broker Kevin Martini shares his 2024 real estate forecast which is data-driven over sensational headlines. Dubbed the "4, 5, 6 forecast," Martini outlines his moderate yet realistic predictions for the real estate market in 2024.
Key
Predictions:
In-Depth
Analysis:
Mortgage Rates: Reflection on the unexpected spike
in mortgage rates in 2023 and the current trend towards mid 6%
rates. Discussion includes factors influencing these changes, like
inflation and Federal Reserve policies.
Market Predictions: Martini addresses the
potential conservative nature of his 6% rate prediction, the
challenges in timing the market, and the future refinancing
opportunities.
Home Sales: Insight into the predicted increase in home sales in
2024, driven by life events, lower mortgage rates, and increased
affordability. Martini also touches on the impact of existing
homeowners feeling more comfortable moving up.
Home Price Appreciation: A deep dive into the 4%
home price appreciation prediction for 2024, referencing various
sources like the CoreLogic S&P Case-Shiller Index and the Home
Price Expectation Survey.
Kevin Martini | NMLS 143962 | Certified Mortgage Advisor | Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | 507 N Blount St, Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgageGroup.com | Kevin@MartiniMortgageGroup.com | Equal Housing Lender