Home buying competition to ramp up as rates get cut, says local Realtor
Ready, set, buy a house? According to Michael Rocha of Atlantic Realty, the real estate market could look like a sprinting event at the Olympics in the coming months.
As 2024 gets underway, Rocha, who was voted Best Realtor by 209 Magazine readers in 2021 and 2022, is once again offering his yearly predictions for the local real estate market. And for the first time in over a year, he expects there to be some drastic change, predominantly coming by way of the Federal Reserve and their plans to lower interest rates at least three times this year in their efforts to help the national economy rebound from inflation and declines in the labor market.
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