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Potential buyers who couldn't close on a home this year haven't given up. Instead, they're girding their loins and preparing to make their move in 2024.

According to recent NAR research, around 49% of would-be buyers think buying is a better option than renting. Even more of them — 76% — think they can achieve their dream of home ownership. They're planning to make their dreams come true soon by working hard to prepare, including making sacrifices to save up for a down payment. Many are putting away as much as $800 a month. While almost all of them plan to eventually buy, around 40% are sure they'll be able to afford a home in 2024.1
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