Compass CEO, Robert Reffkin, is optimistic about the housing market's prospects in the coming year. Anticipating a positive trajectory, Reffkin attributes this optimism to several key factors that could shape the real estate landscape in 2024. Reffkin was a guest on CNBC's Squawk Box on Tuesday, December 19th.
One significant driver is the sustained low mortgage interest rates. As global economic conditions stabilize, central banks continue to keep interest rates at historic lows, making borrowing more affordable for potential homebuyers. This affordability factor is expected to stimulate demand and contribute to a robust housing market. Additionally, inventory is up 4% from the year before.
You can watch the entire interview here.
For more information on navigating the Arizona Real Estate Market, contact Luxe Client Group. We're here to help you find your ideal home in this desert paradise in 2024!
Susan Solliday | [email protected] | (602) 690-4238
