2024 Real Estate Market Predictions for Spokane, WA

Ever wondered about the future of Spokane's housing market? In today's video, our trusted real estate expert in Spokane, Washington, delves deep into 2024 housing market predictions. Get ready to explore eight insightful forecasts that promise to make this year in real estate nothing short of fascinating.

Federal Reserve's Interest Rate Dance

Prediction: The Federal Reserve is set to cut interest rates three times in 2024. Join us on a journey through economic forecasts and insider insights, learning when these cuts might happen and their potential impact on the market.

Spokane MLS: A Resurgence in Transactions

Prediction: Spokane's MLS is expected to witness a significant surge in transactions, bouncing back from the challenges of 2023. We predict an increase from 2023's 6200 home sales to around 7500 in 2024.

Price Puzzles: Spokane Home Values Unveiled

Prediction: We forecast a 4% increase in home prices in Spokane for 2024, navigating through the intricate factors that contribute to this prediction. Get ready for a detailed breakdown of the anticipated market trends.

Fixed Interest Rate Tango

Prediction: Strap in for a year of stability as we predict the fixed interest rate to average around six and a half percent. We shed light on factors influencing this rate and advise on navigating potential lending challenges.

Affordability Quandary

Prediction: Affordability struggles are here to stay. We delve into the housing shortage dilemma and why building more houses might not be the magic solution. Brace yourself for a reality check on the future of Spokane's housing landscape.

The Return of Real Estate Investors

Prediction: After a hiatus in 2023, real estate investors are poised to make a comeback. We share insights into the challenges faced by investors in the previous year and why 2024 might be the opportune time for their return.

New Construction Drama: Will Prices Take a Bow?

Prediction: While not expecting a drop, we predict that new construction prices will remain relatively flat. Explore the strategies builders might employ to maintain prices and the incentives they're likely to offer.

Milestone Alert: 2000 Subscribers for Our Channel!

Prediction: Our YouTube channel is set to hit 2000 subscribers in 2024. Join the journey as we shamelessly plug our channel, reflecting on the growth and encouraging viewers to be part of the community.

As we usher in 2024, we express gratitude for the past year's support and encourage viewers to share their own predictions. So, are you ready to navigate the twists and turns of Spokane's real estate roller coaster in 2024? Hit subscribe, buckle up, and let's make this year in real estate truly amazing!