On the heels of the Federal Reserve’s decision to keep interest rates the same for now, real estate experts from the National Association of Realtors (NAR) and Realtor.com are predicting mortgage interest rates will stabilize around 6.5 percent by mid-2024.
In addition, they’re forecasting more affordable housing options by next spring and naming Austin, Texas, as the top real estate market to watch in 2024. Other Texas markets with pent-up demand include Dallas-Fort Worth and Houston, as well as Nashville, Tennessee, and Dayton, Ohio. On the East Coast, Durham and Chapel Hill, North Carolina; Portland, Maine; and Harrisburg, Pennsylvania, were also listed as “top markets” in 2024.
