And the direction of the 2024 housing market is …

Simply put, Who Knows?

Since December, mortgage rates have dropped to the mid-6% range – good news.

New home sales are up 8% and pending home sales rose 8.3% – good news.

Active listings rose 8.6% – good news.

The National Association of Home Builders expects single-family home construction to rise by 5.5% – good news.

Clearly the situation is improving and analysts expect the market to be closer tp 2018 and 2019.

Then again…

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