2024 Charlotte Real Estate forecast | 6 RATE CUTS NEXT YEAR??

6 rate cuts are projected for 2024, but where does Charlotte rank in a new 2024 real estate forecast from Realtor.com.
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[@jonathanholden8794]

I Agree, Buyers will return as interest rates drop while seller's will continue to be slow to list as inventory remains low and interest rates remain elevated well above their current Morgage rates. I feel the projections strongly overestimate pent-up demand to list/sell. Interest rates impact both buyers and sellers - as sellers often buy as they trade homes. I don't see home sales or home prices dropping as interest rates start to decrease unless it causes a sharp decrease in out of state relocations to the Charlotte Area as homes become more affordable in their local markets.

[@DreamlineRealty]

Thanks for your insight! With rates falling as sharply as they have, I think 2024 will be very active and hopefully help buyers get into a house with a much lower interest rate.

[@riskanet]

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[@DreamlineRealty]

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