As we move into the latter part of 2024, recent insights from CoreLogic reveal a housing market on the verge of a significant shift. While the past year has been marked by high mortgage rates and sluggish sales, there’s encouraging news on the horizon. The Federal Reserve’s anticipated rate cuts could be the game-changer buyers and sellers have been waiting for. Home prices, which have seen consistent growth, are beginning to stabilize, with only a modest 0.01% month-over-month increase in July 2024. While this may seem like a cooling market, it’s actually paving the way for more balanced conditions. The slowing price growth, combined with falling mortgage rates, signals that potential buyers may soon find the housing market more accessible. For those looking to invest or purchase their first home, this may be the perfect time to act. As mortgage rates dip and price gains moderate, buyers who have been sitting on the sidelines might finally find the opportunity they’ve been waiting for. Stay tuned to these shifts—2025 could see a revitalized housing market with more affordable options for homeowners and a rebound in buyer demand. For more details on the latest trends and forecasts, check out the full CoreLogic report here.