Housing Market 2024 Predictions

Housing Market 2024 Predictions. Overall, we expect 4.3 million sales in 2024, up 5% year over year. This makes it a challenging time to buy a home, but there are still opportunities for buyers who are prepared.

Affordability challenges continue to hinder the summer market from gaining momentum, leading to a more optimistic outlook for autumn. Lawrence yun, nar’s chief economist, says mortgage interest rates have likely crested, at least for the rest of 2024.