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Will Real Estate CRASH in 2024?
As we move through 2024, the real estate market is at a crucial juncture. Rising costs, high interest rates, and a looming question-Will Real Estate CRASH in 2024? In this video, we explore key insights from recent market surveys to understand the current trends and future predictions.
Key highlights include:
Rising Costs: 69% of Americans saw utility costs increase, and 57% experienced higher housing expenses.
Homeownership Dreams: 81% of renters aspire to own a home, but 61% fear it will remain a dream.
Market Stagnation: With 75% believing rent prices will continue to rise and 73% thinking housing prices won't drop significantly, many are opting to wait until 2025.
Barriers to Ownership: High interest rates and lack of savings are major hurdles for prospective homeowners.
Join us as we dissect these trends and provide expert insights on what to expect in the real estate market in 2024. Will the market stabilize, or are we heading towards a crash? Watch now to find out!
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