From AgentOwned’s Real Estate Experts - Housing in 2024 Forecast for Charleston and Beyond

The approaching new year prompts reflection on whether 2024 is the optimal time to enter the real estate market, either as a buyer or seller. To make well-informed decisions, it's crucial to heed the insights of industry experts. Fortunately, the projections for the housing market in 2024 appear promising, with positive indicators that may surpass initial expectations.

AgentOwned Realty, Your Local Real Estate Expert in South Carolina

At the forefront of real estate expertise in South Carolina, AgentOwned Realty stands out as the go-to brokerage for those considering a move in Charleston, SC. With a dedicated team of top-rated real estate agents, AgentOwned Realty has earned its reputation as the best brokerage in Charleston, SC.

The Latest 2024 Housing Market Forecast: AgentOwned Realty Insights

Experts at Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR) share positive forecasts for the upcoming year. Despite initial concerns about a potential market downturn, the average projection indicates an overall price appreciation of approximately 2.8% by the end of this year, followed by an additional 1.5% increase by the close of 2024.

The scarcity of available homes relative to buyer demand remains a driving factor in the market. This imbalance, a classic interplay of supply and demand, continues to exert upward pressure on prices. While the projected rise in 2024 may not match that of 2023, cumulative home price appreciation remains a compelling reason to consider homeownership as a wise long-term investment.

Moving to the South? AgentOwned Realty's Guide to South Carolina Living

For those contemplating a move to the South, AgentOwned Realty provides valuable insights into key factors such as the weather in South Carolina, schools, jobs, and the overall climate. Our comprehensive approach ensures you have all the information needed to make a seamless transition to your new home in South Carolina.

Best Places to Live in Charleston, SC

Considering a move to Charleston, SC? Explore the best places to live, guided by the local knowledge and insights provided by AgentOwned Realty. Our real estate experts understand the intricacies of the Charleston housing market, ensuring you find the perfect home in the most desirable neighborhoods.

Projections Indicate Increased Sales Activity in 2024

Despite a relatively subdued year for home sales in 2023, experts anticipate a slight uptick in total sales in 2024. This uptick is a positive sign for the housing market, offering increased options for both buyers and sellers. As people undergo significant life changes, such as obtaining new jobs or experiencing family expansions, the need for relocation persists. The expected increase in housing market activity is further fueled by potential decreases in mortgage rates.

Crafting Your Real Estate Plan with AgentOwned Realty

In conclusion, staying informed about the latest forecasts is essential for those contemplating real estate decisions in 2024. AgentOwned Realty invites you to engage in a conversation about the market's future, allowing us to collaboratively craft a personalized plan for your next move. Whether buying or selling, trust AgentOwned Realty, the local real estate experts, to guide you through the dynamic landscape of Charleston, SC, and beyond.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

To learn more about South Carolina including schools, employment and more see: https://www.agentowned.com/moving-to-south-carolina 

If you’re interested specifically in the Greater Charleston area see: https://www.agentowned.com/moving-to-charleston-sc 

If you’re looking for information about Manning, Sumter and the Lakes Area, see: https://www.agentowned.com/moving-to-manning-sumter 

And if you’re interested in the greater Anderson area see: https://www.agentowned.com/moving-to-anderson