Too Many Buyers, Not Enough Houses For Sale: Wait until 2024!

Homebuyer demand is far ahead of pre-pandemic as more buyers lined up to see houses than any year prior to the pandemic despite the lack of inventory in housing market. 2024 promises to be off the charts for demand as mortgage interest rates are likely to drop below 6% and into the low 5% range.

The forecast for 2023 is that home demand will continue and the number of homes for sale will increase a bit as homes stay on the market longer.

This data was gathered for showings from Las Vegas but is in line with what is happening in the rest of the country.

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