San Diego – Number 4
Mortgage rates have dropped for five consecutive weeks and are expected to continue sliding down next year after the Federal Reserve announced on Thursday that it will soon shift its inflation campaign towards cutting rates.
The following ones, will be the best cities to buy a home in 2024, meaning the ones with the biggest gains in sales and price growth. Half of the cities on the list are on the West Coast.
Oxnard/Thousand Oaks/ Ventura, California
Rochester, New York
San Diego/Chula Vista/Carlsbad, California
Riverside/San Bernardino/Ontario, California
Grand Rapid/Kentwood, Michigan
Los Angeles/Long Beach/Anaheim, California
“The top markets for 2024 are areas where we expect to see sales and prices grow the most next year among the top 100 US metros,” Realtor. com’s Senior Economic Research Analyst Hannah Jones told Newsweek. “These markets generally fall into two camps: affordable metros in the Midwest and Northeast, and higher-priced Western metros.”