Housing Market Forecast for the 2nd Half of 2024

Housing Market Forecast for the 2nd Half of 2024

Wondering what will happen with the housing market in the second half of the year?

Home Prices Expected to Climb Moderately

According to the experts, home prices are set to climb moderately, mortgage rates might dip a little, and home sales are expected to stay steady.

Mortgage Rates Forecast to Come Down Slightly

As inflation continues to cool, mortgage rate should ease. This will help with affordability, especially as price growth moderates too. 

Home Sales Are Projected to Hold Steady

The number of home sales should be about the same as last year. 

Home prices will keep rising, just at a more normal pace. That means you won't have to deal with prices skyrocketing when you buy, and your home should grow in value once you do. 

Have questions about what this means for you? Contact Maurice & Rustad to chat about your plans.

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