Housing Market Forecast: More Homes to Hit Market, Costs to Level, and Rentals to Surge in 2024
- More homes will hit the market as sellers accept high mortgage rates are here to stay
- Home buying costs will level off, giving buyers a chance to catch up
- Single-family rentals will be the new starter home for priced-out buyers
- Rental demand will surge near downtowns in more markets
- Home buyers will compete with flippers for fixer-uppers and take on DIY projects