NORADA Real Estate Investments: 2024 National Housing Market Predictions
"Home prices will slow down but not drop in 2024. But there is no one-size-fits-all answer to this question, as the housing market in the United States will likely vary depending on location and other factors."
The Mortgage Reports: The Real Estate Forecast for the Next 5 Years
Experts in the real estate and mortgage industries were interviewed for this article on our current market, and their predictions on whether prices will drop, mortgage rates will come down, housing inventory will increase, a potential shift into a buyer's market, and the possibility of a market crash. Great reading!
Keeping Current Matters, a trusted agent resource, combines data from Fannie Mae, MBA, and NAR. Their 2024 predictions average to home sales increasing by 5.2% and prices increasing by 1.5%.