Housing Market 2024 Usa Forecast. Due to solid housing demand but lean inventory, we expect upward home price pressure and forecast home prices to increase 0.5% in 2024 and in 2025. Now, with the prospect of interest rate cuts on the horizon, home prices are expected to climb more than previously anticipated, according to goldman sachs research.
If you’re concerned about the housing market potentially crashing in 2024, you can put those worries to rest. Experts say that the combination of high mortgage rates, inflated home values and scarce inventory suggest that 2024 could remain a challenging year for the housing market.