Morgan Stanley

Navigating Real Estate & Homeownership in 2024

Oct 10, 2024

Mortgage rates are forecast to drop in 2024, but affordability likely won’t return to pre-pandemic levels. Here’s what that means for buyers, sellers, investors and policymakers.

Your home may be, in some ways, your most complicated financial asset. You might have sentimental attachments to the place where you have raised your family, renovated to your ideal vision or simply made years’ worth of memories.

But for many people, their home is also their primary source of wealth. That means the equity in their home is a key part of their financial plan if they are buying a new property, helping loved ones pay for their educations or funding retirement and healthcare costs.

What’s more, the state of the real estate market is not just important to homeowners. Investors consider both the residential and commercial real estate markets to determine what makes sense in their portfolios, while the equitable availability of housing is a widespread societal issue.

In Morgan Stanley’s wrap-up of the latest real estate trends, we’re looking at strategies for would-be buyers in today’s market, as well as opportunities for investors. Learn more below.

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Sources & Disclosures

1 https://www.morganstanley.com/ideas/baby-boomer-housing-market-outlook-2024

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Residential mortgage loans/home equity lines of credit are offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. With the exception of the pledged-asset feature, an investment relationship with Morgan Stanley Smith Barney LLC does not have to be established or maintained to obtain the residential mortgage products offered by Morgan Stanley Private Bank, National Association. All residential mortgage loans/home equity lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Rates, terms, and programs are subject to change without notice. Residential mortgage loans/home equity lines of credit may not be available in all states; not available in Guam, Puerto Rico and the U.S. Virgin Islands. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is an Equal Housing Lender and Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. Nationwide Mortgage Licensing System Unique Identifier #663185. The proceeds from a residential mortgage loan (including draws and advances from a home equity line of credit) are not permitted to be used to purchase, trade, or carry eligible margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; or to make payments on any amounts owed under the note, loan agreement, or loan security agreement; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.            

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