Realtors say declining interest rate offers possible rebound in housing market

Though the state’s housing market is stagnant, there is good news on the horizon for potential homeowners, according to the Alabama Association of Realtors. “While Alabama’s housing market remains down overall, we have witnessed growth in key areas in recent months,” said association President Senia Johnson. “As we go into 2024, it is important that buyers and sellers closely monitor the potential rebound that economists are anticipating.” CEO Jeremy Walker said a more affordable housing market is coming in 2024. “We are optimistic for the rate cuts potentially coming in 2024,” said Walker. “D