2024 Real Estate Market: Interest Rates Expected to Drop, Reigniting Buyer Confidence

The real estate market may experience cautious optimism as the year comes to a close, with the possibility of interest rate reduction. There are discussions about the market reigniting and a potential increase in property prices. Central banks are considering lowering interest rates, which could boost consumer confidence and lead to a resurgence in demand. The inventory in the real estate market has been steadily decreasing, indicating a potential shift in the market.