The real estate market is expected to strengthen in the final quarter of 2024, driven by improved conditions for both buyers and sellers. With interest rates stabilizing at more favorable levels, many buyers are finding it easier to secure financing, making homeownership more attainable. Additionally, there has been an increase in the number of homes on the market, providing buyers with more options and reducing the intensity of bidding wars. This greater supply has also led to more neutral negotiations between buyers and sellers, shifting away from the extreme seller’s market of previous years. As a result, buyers are gaining more leverage in discussions over price and terms, while sellers still benefit from healthy demand. Overall, these factors contribute to a balanced, robust housing market to close out 2024.
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