The Presidents Day holiday weekend marks the start of the home buying season
The housing market traditionally kicks off in full swing during the Presidents Day holiday weekend in February, with buyers eagerly searching for properties until the end of May. However, after a sluggish year in 2023 due to high mortgage rates, experts predict that the 2024 housing market will face an important litmus test during this year’s holiday weekend. All eyes are on whether the first quarter of the year will bring a rebound in the housing market, as forecasters anticipate a growth in sales of previously owned homes. While estimates differ on the magnitude of the expansion, there is optimism that a strong spring season lies ahead.
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