2024 home price predictions: is the crash finally coming?

2024 home price predictions: is the crash finally coming?

Realtor.com and Keeping Current Matters (using Pulsenomics data) recently reported their 2024 home price predictions. Is a crash coming? Will demand be down? Where will we be with mortgage rates?

I think it's safe to say nobody has a crystal ball and actually knows what will happen. I believe the data is pointing in a particular direction, but given the volatility we've seen, who really knows. Take a look at the reports for yourself (link below) and let me know where you stand. There is a bit of contrast between the two reports but I'm not sure either of them being right would make a difference to the market.

References:
https://www.prnewswire.com/news-releases/realtorcom-2024-housing-forecast-housing-affordability-finally-begins-to-turnaround-302000133.html

https://www.keepingcurrentmatters.com/2023/12/04/experts-project-home-prices-will-rise-over-the-next-5-years/

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