Nearly every major industry player has revised their price forecasts up for 2024.
Why? Locally these price increase numbers are being driven by very low inventory. If/when rates drop, prices will jump even more.
Don't try to time the market. Waiting for low rates may be outweighed by higher prices down the road. Buy when you are ready and it works for your budget.
For more in-depth info, visit https://www.keepingcurrentmatters.com/2024/02/22/expert-home-price-forecasts-for-2024-revised-up/
Interest rate update - February 15