🏡 2024 Housing Market Predictions - Winners and Losers Revealed! 📈📉

Hey everyone, it's Melanie Atkinson, REALTOR® at Smith and Associates in sunny Tampa, Florida. In today's video, we're diving deep into the 2024 housing market to identify who the winners and losers will be in this complex real estate landscape.

🔍 Key Takeaways:

Winners & Losers Overview: In this dynamic housing market, there will be clear winners and losers. I'm not here to predict a dramatic crash in 2024, but rather to provide insights based on the data and experience I've gathered working with buyers and sellers daily in the Tampa area.

Winners:

Winner #1: Sellers Pre-Covid: Sellers who bought before the pandemic are still winning big, with median home prices in Florida and Tampa skyrocketing. Even if prices dip in 2024, the accumulated equity will likely cushion the impact.

Winner #2: Buyers of New Construction: Surprisingly, buyers of new construction homes in 2024 are poised to win. Builders, facing increased supply, are offering substantial incentives, creating opportunities for savvy buyers to secure better deals.

Winner #3: Renters: Renters might be winners due to stabilized rent prices and increased incentives as apartment complexes compete for tenants. Despite rent affordability challenges, the trend suggests a more balanced market.

Losers:

Loser #1: Recent Sellers, Especially in High Construction Areas: Sellers who recently purchased, especially in high construction areas, may face challenges. Builder competition and market shifts could impact their ability to sell at a profit.

Loser #2: Sellers of "Ugly" Houses: Houses with obvious buyer objections, like undesirable lots or deferred maintenance, may lose value as buyers have more choices and negotiating power.

Loser #3: Investors: Investors, particularly those in Florida, may face challenges with stabilized rent prices, increasing property taxes, and rising homeowner's insurance costs. Borrowing money at higher interest rates adds to their financial strain.

Mixed Bag: First Time Homebuyers: First-time homebuyers face a complex scenario. While 2023 was tough, 2024 brings both challenges and opportunities. Increased supply and less demand provide advantages, but it's crucial to be flexible and seek professional guidance.

📊 Expert Advice for 2024: Whether you're buying, selling, or investing, understanding local market nuances is key. If you find yourself in a challenging position, reach out—I'm here to help guide you through the intricacies of the 2024 housing market.

🏆 Become a Winner in 2024 - Subscribe for More Real Estate Insights! 🏡✨

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Melanie is a Tampa Bay area REALTOR® with Smith & Associates Real Estate. She loves the Tampa Bay area, houses, and helping clients buy and sell real estate.

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📞 813.616.2427
License ID: SL3202862

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Видео 🏡 2024 Housing Market Predictions - Winners and Losers Revealed! 📈📉 канала Melanie Loves Tampa Bay