Buying a house in 2024: How to overcome the challenges

From high prices to low inventory, potential home buyers know it’s gnarly out there. But if you’re ready for homeownership, the long-term benefit of buying often outweighs the pain of toughing out the search — even these days. Think of it like your 5 a.m. spin class: You know it’s good for you, even if it takes grit (and leaves you feeling sore). With some market savvy, you can make the most of today’s challenging conditions. Here’s your game plan for buying a house in 2024. Buyers have been at the mercy of meteoric rise, holding on as the average 30-year fixed rate climbed from 3% to nearly 7% in 2022. In October 2023, rates…