Existing Home Sales Predicted to Increase in 2024

The real estate market is set for a boost this year, with existing home sales expected to rise. This positive news comes from Ryan McKeveny, the managing director at Zelman & Associates. In an interview on ‘The Exchange,’ McKeveny shared insights into the current state of the housing market and how it will be impacted by the Federal Reserve’s actions.

Assessing the State of Housing

McKeveny’s expertise sheds light on the state of the housing market. With his finger on the pulse of the industry, he predicts an upward trend for existing home sales. This projection presents a promising outlook for both buyers and sellers in the market.

The Impact of the Federal Reserve

McKeveny also discusses the role of the Federal Reserve in shaping the housing sector. As the central banking system in the United States, the Federal Reserve’s decisions greatly influence interest rates and the availability of credit. By monitoring the Fed’s actions, investors and homeowners can anticipate changes in the housing market and make informed decisions.

The Outlook for 2024

Based on McKeveny’s analysis, the housing market is set to experience an increase in existing home sales this year. This positive trend suggests a growing confidence in the economy and the real estate sector. Whether you’re planning to buy or sell, staying informed about market trends can give you a strategic advantage.

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