What To Expect When Buying A House In 2024

The Kris Krohn Show

The real estate market has indeed been challenging recently, but there are signs of potential improvement on the horizon. Experts predict that the housing market will gradually stabilize over the next few years. In 2024, home prices are expected to ease slightly, dropping less than 2% on average. Additionally, as mortgage rates slowly decline, more buyers and sellers are likely to enter the market, which could help stabilize prices.

However, the market's recovery will depend on various factors, including economic conditions, inflation rates, and housing supply. While some areas may see more significant improvements, others might continue to face challenges. Overall, it's a mixed outlook, but there is cautious optimism for a gradual thaw in the housing market.