Housing Market 2024 Usa Forecast. Although a recession is no longer predicted, economic growth is expected to decline from 2023’s. The housing market felt the impact of higher rates in 2023 with total annual home sales on track to be the lowest since 2012.
As a result, we’ve revised our forecast from a decline of 1.7% to a gain of 4.6% for 2024 as a whole. There are some signs the housing market will improve in 2024.
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