Realtor.com® 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround
Retrieved on:
Wednesday, November 29, 2023
SANTA CLARA, Calif., Nov. 29, 2023 /PRNewswire/ -- Lower mortgage rates and easing prices will help spark the beginning of an affordability turnaround in 2024, according to the Realtor.com® 2024 Housing Forecast released today. But the supply of existing homes will still be tight and renting will remain a competitive option in most markets. This year's forecast also includes price and sales predictions for the top 100 U.S. metros (see table at bottom).
Key Points:
- SANTA CLARA, Calif., Nov. 29, 2023 /PRNewswire/ -- Lower mortgage rates and easing prices will help spark the beginning of an affordability turnaround in 2024, according to the Realtor.com ® 2024 Housing Forecast released today.
- "Our 2024 housing forecast reveals the green shoots we've been waiting to see in the housing market and should give buyers some optimism after a grueling few years.
- "Moves of necessity – for job changes, family situation changes, and downsizing to a more affordable market – are likely to drive home sales in 2024.
- For more information about the Realtor.com®'s 2024 housing forecast, visit: realtor.com/housing-forecast-2024
Local Market Predictions – 100 Largest U.S. Metros (in alphabetical order)