Forecast from Matthew Gardner, the Oracle of the Real Estate World
Here Comes the Dazzling Details
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Interest rates will accelerate in 2024
Gardner predicts a mini roller-coaster ride for the interest rates world, with them expected to speed up in 2024. Saving and spending will probably start feeling like an episode of “Who’s line is it anyway?”.
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A blooper for Home Values
Like observing a teen’s awkward growing phases, Gallagher foresees home values will experience certain hiccups. Whilst the home prices won’t exactly moonwalk backwards, the growth might start looking a lot like a grumpy snail at a marathon.
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Potential for Housing Market Recovery
Regarding the potential of a housing market recovery, Gardner is as optimistic as a groundhog spotting an early spring. But remember folks, predictions are about as trustworthy as trusting a cat not to push objects off the table!
Closing Hot Take
In the world of real estate and business, there’s never a shortage of rollercoaster-esque surprises and rides. Garner, the crystal-ball-gazing seer of the real estate world, has revealed his musings for 2024. Interest rates will possibly be seen greasing the skates and making the swift moves by ’24, potentially leaving savers and spenders performing a jittery dance routine of financial juggling.
On the other hand, home values are expected to look a lot like disgruntled joggers, slow, a tad bit moody, and perhaps even refusing to budge. But hey… what’s life without a little stumble?
As for the housing market recovery, it seems to be treated to a bit of optimism. Potential recovery could be on the horizon, but just like a cat’s unpredictable whims, it’s a bit of a gamble. Can we put money on it? Well, one might as well try to monetize the weather.
In other words, for those holding their breath, flask of savings in one hand, and investment plans in the other, let’s just say – 2024 might require you to have an oxygen tank handy. Buckle up; it’s going to be a ride to remember, folks! Let’s just hope we don’t lose our hats.
Original article: https://www.inman.com/2023/12/05/affordability-inventory-rates-an-economists-2024-housing-forecast/
