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2024 HOUSING FORECAST

YOUR 2024 HOUSING FORECAST: Take a look at the 2024 housing market forecast! With housing
inventory going down and mortgage rates dropping slowly this could be your year to make a change!
HOUSING INVENTORY – Stormy
Expect a stormy market as inventory is expected to drop up to 14%, leaving fewer options for buyers.
MORTGAGE RATES – Cloudy
The outlook is cloudy as mortgage rates drop by only 0.1%, from 2023-2024, but are still high.
HOME PRICES – Partly Sunny
Potential buyers are seeing some sun, as home prices are expected to come down around 2%.
RENTALS – Partly Cloudy
Conditions will improve slightly with a 0.2% drop in rent prices but, supply still outpaces demand.

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