Housing Market Trends Q2 2024: What To Expect

Key takeaways

  • Selling and buying activity typically accelerates in springtime, but the second quarter of 2024 may be slower than in previous years.

  • Home prices are expected to increase slightly, with continued high demand and low supply.

  • Mortgage rates remain on the high side, but could dip by the end of the quarter.

Spring has sprung, a time when thoughts turn to love, or so the poets tell us. But will homebuyers and sellers be feeling the love this season, considering persistent low inventory and continued high mortgage interest rates?

For answers, we reached out to industry pros. Read on

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Leaving Seattle because of housing costs? We want to hear from you

Paul Roberts

It’s not news: the Seattle area is one of the least affordable places in the country. The median single-family home in King County now goes for an eye-watering $914,000, up 14% from a year ago, and buyers now need to make an average of $214,000 a year to afford a home without being stretched too thin — more than anywhere except California.

But while some residents have found ways to stay in this expensive area, others have had enough and moved to less costly communities — or even less costly states.

Some of these real

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