Posted 12/5/2023, 2:56:00 PM
Housing Market Forecast: Falling Prices, Rising Sales, and Shifting Demand Ahead
- Home sales expected to pick up in 2024 as mortgage rates fall and more homes hit the market
- Home prices forecasted to finally decline slightly after years of rapid gains
- Competition between real estate firms likely to bring down buying fees and commissions
- Renting predicted to become more popular as homeownership feels out of reach for many
- "Boomerang migration" could see people returning to expensive cities and away from climate-threatened areas