_{Interest rates for a 30-year home mortgage are hovering around 8%, their highest levels in 23 years. One-third fewer new and existing houses have been sold in the Des Moines area in 2023 than in 2022. The average monthly asking rate for an apartment is $100 more than it was a year ago. All of these things spark questions related to the residential real estate market in 2024.}

_{Several experts shared their thoughts in the last Project515 discussion on Thursday about the 2024 outlook for home selling, buying and construction; whether the Des Moines market will see an uptick in apartment construction; and the effect that high interest rates are having on home buying.}

_{Panelists included:}

• _{Jackie Benson, vice president and economist, Wells Fargo}
• _{Matt Daniels, director of operations, Origin Homes}
• _{Josh Doss, senior associate, DLR Group}
• _{Abbey Gilroy, executive director, Neighborhood Development Corp.}
• _{Erika Hansen, real estate agent, Erika Hansen Real Estate}
• _{Glenn Lyons, economic development director, city of Knoxville}