Reported about 2 months ago
In a recent discussion, housing market expert Jeff Taylor highlighted a potential upswing in the housing sector for the remainder of 2024, driven by a 0.4% rise in shelter costs and a surge in mortgage applications by 16.8%. With mortgage rates dropping from a recent high of 6.5%, Taylor anticipates that the Federal Reserve's forthcoming interest rate cuts could significantly enhance homebuying affordability, potentially leading to a robust market, especially heading into the spring buying season.
Source: YAHOO