The number of U.S. homeowners in forbearance plans dropped in December to 115,000 from 130,000 the previous month, the Mortgage Bankers Association said.
“Overall, we expect 2024 to be a better year than 2023 for homebuyer affordability and the mortgage industry,” Fannie Mae’s chief economist said.
In 2024, buyers will be looking for homes with AI-driven tech, large windows and EV charging stations, among other amenities.
Communities are being designated as “blue zones” to suggest they promote healthier living and longevity. Some 80 U.S. locales are part of the Blue Zone Project initiative.
NAR’s chief economist said December sales “look to be the bottom before inevitably turning higher in the new year” on lower mortgage rates and increasing inventory.
Florida Realtors chief economist: Watch for the market to reignite over the next several months. “We have weathered the worst of it.”
Fla. Realtors chief economist: “Florida weathered the storm” of higher interest rates and ongoing inflation making 2023, a “rough year for residential real estate.”
Orlando and Fort Lauderdale are among the nation’s top 30 rental markets for 2024, according to Rent Cafe.
Most adult Gen Zers are tracking ahead of where their parents were at the same age, likely because they bought when rates were near record lows.
Agents are leaning into proptech (real estate technology) like eSignature and cloud storage, and may be using artificial intelligence (AI) and virtual reality (VR) soon.
