In today's uncertain economic climate, it's impossible to predict what's coming for the housing market in the rest of 2024 and beyond. Interest rates are still high will they keep rising, hold.
The housing market has been unusually hostile for a while now. High interest rates combined with low inventory have made it especially challenging for prospective buyers to get what they want/need in.
Once you buy a home, is it really worth it to sell it and buy a whole new home? Why not just renovate the home you have? This appears to be the logic currently coursing through the minds of many.