Housing Market End Of 2024. The markets for housing and mortgages will likely be invigorated in 2024 to the extent the fed begins to cut its benchmark rate, benefitting borrowers as mortgage rates follow suit. Home prices are declining in some markets—and rising in others.
The outlook for home prices in 2024 varies among experts. Housing demand is on the rebound, but with mortgage rates still averaging 6.8%, many prospective homebuyers continue to be priced out of the market.