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The Bold 2024 Real Estate Prediction of the Saucetown Investor

Find out the real estate predictions for 2024, including details on mortgage rates, market growth, and the chance of a national catastrophe in commercial real estate. https://open.substack.com/pub/mattcox444/p/2024-real-estate-predictions?utm_campaign=post&utm_medium=web

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The Bold 2024 Real Estate Prediction of the Saucetown Investor

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  1. THE BOLD 2024 REAL ESTATE PREDICTION OF THE SAUCETOWN INVESTOR • www.saucetownproperties.net

  2. SAUCETOWN IG PAGE Happy 2024 and thank you to everyone who has followed our Saucetown IG page. To begin 2024, I will be launching our Substack with my 2024 housing market predictions. I’ll be writing a minimum of once a week on here not just about real estate, but also life, culture, travel, what I’m reading, or anything else on my mind. Needless to say (but I’ll say it), none of these predictions should be misconstrued as investment advice or treated as anything other than something that I am doing for fun.

  3. Mortgage Rates will end 2024 below 6% National home prices will appreciate between 3 and 4% This will happen, but not because of the fed cutting massively (as the economy is strong). Instead, it will be due to the spread between the 10 year treasury and mortgage rates narrowing to more normal historic levels (current spread is in the 270s, historic average is 175) . 2020-2022 were wild years. The gains we experienced during Covid are by no means normal. Expect more of an average year (similar to 2023). Worth noting, housing is regional. 01 02

  4. The Salem, OR metro area will appreciate at a rate above 5% The number of realtors in America will come down….again. What can I say? I’m bullish on The Sauce, but not blindly so. I live in NYC, but come to Salem a few times a year. Every time I go I see a city that is on the rise. The revival of downtown is startling. Per the NAR (National Association of Realtors), 2023 was the first year since 2012 that the number of realtors in America decreased YoY. I expect this to happen again in 2023. The job becomes much harder when rates are higher and supply is lower. 2021 and 2022 were goldilocks years for the realtor industry where you could list and have 20 offers over a weekend. 03 04

  5. The Commercial Real Estate meltdown that everyone is predicting will not happen. The Midwest will continue to appreciate at well above the national level. -3% interest rates are a thing of the past. Even if my prediction of sub 6% interest rates comes true, we are still in another stratosphere from 3%. Know who is less impacted by high interest rates? 05 I’ll start this with a caveat, but in many ways you could say a “meltdown” is already happening in certain cities (such as SF) where buildings are being sold for pennies on the dollar. With that said, I do not expect it to happen on a national level. 06

  6. THANK YOU Give Us A Call Now At (971) 218 5653 • www.saucetownproperties.net

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