Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again?

The housing market has yet to heat up this summer, but that may change soon.

The mortgage-rate roller coaster ride appears to be over. Recently, rates are behaving more like a water slide, moving downward with occasional plateaus and landing at their lowest levels since February 2023.

At the same time, inventory continues to loosen, slowing home price growth.

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