According to Greycoat specialists, the property market has surely seen its fair share of ups and downs over the past couple of years. From plummeting interest rates at the beginning of 2021 to rates that shot up and still seem to be rising currently. 

That being said, this does not necessarily mean that those trends are going to stay the course, they may in fact change. There are now some projections that we can look at in regards to the housing market for 2024. And this is where Greycoat agency comes in.

On a global scale, one of the biggest housing trends we can expect to see is the falling price of homes as Greycoat specialists share. They say that at the end of 2023 the cost of homes did start to dip a fair amount so that the homes that were for sale were closer.

This,  to the actual cost of the home instead of the inflated value, Greycoat adds. 2024 predicts that about 10 to 15% of homes are still overvalued and may begin to drop again at the start of the new year to be a more affordable housing market. 

Another prediction is that the demand and supply of available homes for sale is going to grow as well. This means that there are going to be more homes that people can purchase, and more people that are actually looking for homes to buy. 

Greycoat Real Estate also predicts that the housing market will level out and that interest rates will as well making it possible for those that want to move, to actually be able to in the new year. This is a prediction and may change, but the future does look bright.