163: 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities
On The Market
Shownotes Transcript
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!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Connect with Other Investors in the “On The Market” Forums)
Subscribe to The “On The Market” YouTube Channel)
Kathy's BiggerPockets Profile)
Henry's BiggerPockets Profile)
Hear Our 2023 Housing Market Predictions)
Where America’s Most Accurate Forecaster Sees Home Prices in 2024)
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-163
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