Predictions on Prices by Q4 2024

[Jared Prevost]

Hey Y'all, curious what other investors are thinking about where prices are going to be by the end of 2024.

It's pretty unbelievable how sensitive buyers are to interest rates right now! I just read an article CNBC put out showing that after a 0.06% decrease in mortgage rates last week (6.81% => 6.75%), there was a 10% bump in mortgage applications. On a $350k 30-year loan, that’s only a difference of $14 a month in payments.

If we get back into the 5% range for mortgage rates, you guys think we'll see more than 8% price growth on average by year-end?