Home prices may pick up speed after the Federal Reserve cuts rates next year, Fitch Ratings said.
In line with the central bank's own projections, Fitch expects the Federal Reserve to cut interest rates by 75 basis points in 2024.
Meanwhile, home prices are expected to rise as much as 3% next year, followed by a 2% to 4% boost in 2025.
Not everyone shares Fitch's price projections. For instance, Realtor.com sees lower mortgage rates slowing demand as buyers won't feel rushed to buy before rates rise further, resulting in a home-price dip of 1.7% in 2024.
Who's prediction do you think is correct, Fitch or Realtor.com?
Source: Business Insider
