Why 2024 Could Be Good for Homebuyers

Here are three reasons why 2024 could be a better one than the past year for homebuyers:

• Inflation is cooling: It has steadily decreased since June 2022. High inflation means less purchasing power and higher interest rates
• Interest rates could drop: The Fed is already hinting at rate drops this year. This could add to the fortune for prospective buyers, even for private money borrowers.
• Inventory may improve: If rates drop in 2024, even slightly, many existing homeowners may feel comfortable enough to list their homes and move, thus producing a substantial increase in home inventory.

2023 may not have been an ideal year for homebuyers, but there are growing indicators that 2024 could be a safe year to venture into the real estate market.

Best,

Ken & Ari Walker - Your Direct Private Money Source

Husband & Wife Team

Phone: 707-708-0797 / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401
Ken: CA DRE Broker #01858042 / NMLS #1221130
Ari: CA DRE #01858152 / NMLS #2170867

Bio: Ken & Ari are a husband & wife team with over 30 years of combined real estate and private money lending experience. They like working with buyers & borrowers, as well as directly with other licensed individuals who have clients in need of fast & alternative financing, and who can benefit from Private Money mortgages. (Qualify for our financing despite DTI ratios, credit score, property condition, difficult to prove income, etc. on purchases and refinances for owner occupied & investment properties.)