On The Market

163: 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Nov 27, 2023

38:04

Our 2024 housing market predictions are here. Will interest rates finally fall? Will home prices continue to stay strong even with weak demand? And will we EVER “technically” enter into a recession? We’ve got the full On the Market panel here to give their forecasts on everything that could happen in 2024, plus where the biggest buying opportunities could be.

But first, we’ll painfully review our incorrect housing market predictions from 2023 and one BIG guess that we all got wrong. But we’re not the only ones! Both Zillow and Redfin had some predictions that didn’t age too well. From there, we’ll get into 2024 housing price predictions and whether or not we expect to see home prices FINALLY decline after a standstill year.

Then, what everyone’s been waiting for—mortgage and interest rates predictions. If these start to fall, you can assume that home prices will rise, a buying frenzy will ensue, and the bidding wars will begin (again). With the potential for a recession at some point in 2024, lower mortgage rates may result from an even worse economic event. So, what IS going to happen? Stick around for our predictions!

In This Episode We Cover:

Our 2024 housing market, interest rate, and home price predictions

What could cause mortgage rates to fall in the latter half of 2024

Recession probability and why Americans are spending more than ever before

What we got WRONG in our 2023 predictions (nobody’s perfect)

Best real estate investing markets in 2024 and why “unsexy” cities could win

The HUGE opportunity for cash buyers as banks seek to offload properties

And So Much More!

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