Predictions for 2024 D.C. real estate market
As we head into 2024 with hopes of our weight dropping, one thing we are seeing, that is actually happening, is mortgage rates are dropping.
For obvious reasons it is hard to predict what 2024 holds for mortgage rates and market stability. I prefer to collect a few top-notch professionals and then sprinkle in some Bravo.
For this article, we will take a look at predictions from Fannie Mae, one of the large players in the mortgage industry. Next we will take a look at what the National Association of Realtors has to say (NAR) and finally…we will mix in some of Ryan Serhants two cents.
I enjoy Ryan mainly because he has gray hair like I do. Fannie Mae and Freddie Mac are the two largest players in the mortgage industry and as such, I always like to take a look at their projections as they trend toward truth.