Housing Market 2024 Forecast Usa
Housing Market 2024 Forecast Usa. The housing market felt the impact of higher rates in 2023 with total annual home sales on track to be the lowest since 2012. Realtor.com's forecast and housing market predictions on key trends that will shape the year ahead.
Experts say that the combination of high mortgage rates, inflated home values and scarce inventory suggest that 2024 could remain a challenging year for the housing market. Home sales will speed up throughout 2024 as affordability improves and more homes hit the market.