Mortgage rates, home prices should fall in 2024

[Aquaman]

 

[megadheera]

31 minutes ago, Aquaman said:

 

2021 ending nundi chepthunnaru next year down ani..adi emo pothaneeee undi…

[Aquaman]

6 minutes ago, megadheera said:

2021 ending nundi chepthunnaru next year down ani..adi emo pothaneeee undi…

slow down ayithe ayindhi bro..

good thing is..  new ga pade jobs mostly hybrid ve unnay.. not fully remote anymore

[jpismahatma]

1 minute ago, Aquaman said:

slow down ayithe ayindhi bro..

good thing is..  new ga pade jobs mostly hybrid ve unnay.. not fully remote anymore

Prices are all time high here in north east.

[Paamu]

30 minutes ago, megadheera said:

2021 ending nundi chepthunnaru next year down ani..adi emo pothaneeee undi…

Ya eventually they have to go down or stagnant for a while- continuous growth kastame in the coming years. I think dems are postponing until the elections. 2024-25-26 who knows 

[andhra_jp]

Realtor.com® 2024 Forecast for Key Housing Indicators

	2024 Realtor.com® Forecast	2023 Realtor.com® Full Year Expectations	2022 Historical Data	2013-2019 Historical Average
Mortgage Rates	6.8% (avg); 6.5% (year-end)	6.9% (avg); 7.4% (year-end)	5.3% (avg); 6.4% (year-end)	4.0% (avg)
Existing Home Median Price Appreciation (Y/Y)	-1.7%	+0.2%	+10.3%	+6.5%
Existing Home Sales (Y/Y | Annual Total)	+0.1% 4.07 million	-19.0% 4.07 million	-17.9% 5.03 million	+2.1% 5.28 million
Existing Home For-Sale Inventory (Y/Y)	-14.0%	-5.7%	-4.4%	-3.6%
Single-Family Home Housing Starts (Y/Y | Annual)	+0.4% 0.9 million	-10.3%  0.9 million	-11.2% 1.0 million	0.8 million
Homeownership Rate	65.8%	65.9%	65.8%	64.2%
Rent Growth	-0.2%	+0.2%	+10.8%	+5.0%

[andhra_jp]

[andhra_jp]

[andhra_jp]

[andhra_jp]

[andhra_jp]

Local Market Predictions:

All real estate is local and while the national trends are instructive, what matters most is what’s expected in your local market. 

 

Metro	2024 Sales Growth % y/y	2024 Price Growth % y/y
Akron, OH	3.2%	3.2%
Albany-Schenectady-Troy, NY	1.1%	3.7%
Albuquerque, NM	-4.1%	5.2%
Allentown-Bethlehem et al, PA-NJ	2.2%	5.0%
Atlanta-Sandy Springs et al, GA	-15.8%	0.4%
Augusta-Richmond County, GA-SC	5.8%	1.8%
Austin-Round Rock, TX	-11.7%	-12.2%
Bakersfield, CA	13.4%	2.3%
Baltimore-Columbia-Towson, MD	-3.1%	4.6%
Baton Rouge, LA	-20.4%	-5.6%
Birmingham-Hoover, AL	-4.9%	-1.5%
Boise City, ID	-3.2%	-3.4%
Boston-Cambridge-Newton, MA-NH	-0.6%	-0.6%
Bridgeport-Stamford-Norwalk, CT	-1.3%	7.2%
Buffalo-Cheektowaga et al, NY	8.3%	3.9%
Cape Coral-Fort Myers, FL	-3.7%	-2.9%
Charleston-North Charleston, SC	-13.2%	3.7%
Charlotte-Concord et al, NC-SC	-22.4%	-0.9%
Chattanooga, TN-GA	-3.6%	2.0%
Chicago et al, IL-IN-WI	-9.2%	1.1%
Cincinnati, OH-KY-IN	-3.9%	4.1%
Cleveland-Elyria, OH	-1.2%	2.8%
Colorado Springs, CO	-11.5%	-1.7%
Columbia, SC	-12.3%	-1.8%
Columbus, OH	-1.7%	2.2%
Dallas-Fort Worth-Arlington, TX	-12.9%	-8.4%
Dayton-Kettering, OH	-2.9%	4.8%
Deltona-Daytona Beach et al, FL	-3.7%	-3.1%
Denver-Aurora-Lakewood, CO	-15.3%	-5.1%
Des Moines-West Des Moines, IA	-5.6%	9.9%
Detroit-Warren-Dearborn, MI	-6.7%	10.9%
Durham-Chapel Hill, NC	-1.5%	5.8%
El Paso, TX	6.3%	4.6%
Fresno, CA	-6.0%	-0.3%
Grand Rapids-Wyoming, MI	6.1%	7.2%
Greensboro-High Point, NC	-1.2%	3.3%
Greenville-Anderson-Mauldin, SC	-12.4%	1.0%
Harrisburg-Carlisle, PA	5.6%	5.1%
Hartford-West Hartford et al, CT	3.1%	9.1%
Houston-The Woodlands et al, TX	-9.7%	-4.5%
Indianapolis-Carmel-Anderson, IN	-7.6%	6.1%
Jacksonville, FL	-5.8%	-0.5%
Kansas City, MO-KS	5.4%	-1.2%
Knoxville, TN	-5.9%	7.2%
Lakeland-Winter Haven, FL	2.9%	-3.5%
Lansing-East Lansing, MI	1.2%	6.2%
Las Vegas-Henderson-Paradise, NV	11.1%	-2.3%
Little Rock et al, AR	0.4%	3.1%
Los Angeles-Long Beach et al, CA	9.2%	3.5%
Louisville et al, KY-IN	9.1%	1.2%
Madison, WI	3.9%	-1.5%
McAllen-Edinburg-Mission, TX	-0.6%	1.6%
Memphis, TN-MS-AR	-10.8%	-4.1%
Miami-Fort Lauderdale et al, FL	3.8%	5.0%
Milwaukee-Waukesha et al, WI	0.2%	1.1%
Minneapolis et al, MN-WI	-2.4%	-0.9%
Nashville-Davidson et al, TN	-11.4%	-4.8%
New Haven-Milford, CT	3.5%	3.5%
New Orleans-Metairie, LA	-1.1%	3.1%
New York-Newark et al, NY-NJ-PA	-10.8%	3.0%
North Port-Sarasota et al, FL	1.3%	-4.9%
Ogden-Clearfield, UT	-15.1%	-3.8%
Oklahoma City, OK	1.9%	1.6%
Omaha-Council Bluffs, NE-IA	1.1%	4.5%
Orlando-Kissimmee-Sanford, FL	3.7%	2.2%
Oxnard-Thousand Oaks-Ventura, CA	18.0%	3.3%
Palm Bay-Melbourne et al, FL	-6.1%	2.3%
Philadelphia et al, PA-NJ-DE-MD	-13.4%	3.8%
Phoenix-Mesa-Scottsdale, AZ	4.4%	-4.3%
Pittsburgh, PA	-8.5%	6.9%
Portland-South Portland, ME	8.0%	-1.9%
Portland-Vancouver et al, OR-WA	-25.6%	-7.4%
Providence-Warwick, RI-MA	3.9%	3.1%
Raleigh, NC	-17.0%	3.6%
Richmond, VA	-11.6%	3.3%
Riverside et al, CA	13.8%	2.0%
Rochester, NY	6.2%	10.4%
Sacramento–Roseville et al, CA	10.3%	-1.3%
Salt Lake City, UT	-10.2%	-4.1%
San Antonio-New Braunfels, TX	-10.1%	-9.4%
San Diego-Carlsbad, CA	11.0%	5.4%
San Francisco-Oakland et al, CA	-0.8%	-5.2%
San Jose-Sunnyvale et al, CA	-18.5%	3.1%
Scranton–Wilkes-Barre et al, PA	5.5%	6.3%
Seattle-Tacoma-Bellevue, WA	3.9%	-1.0%
Spokane-Spokane Valley, WA	3.6%	-10.2%
Springfield, MA	10.5%	4.2%
St. Louis, MO-IL	-2.3%	-11.7%
Stockton-Lodi, CA	-5.8%	-3.7%
Syracuse, NY	3.4%	6.4%
Tampa-St. Petersburg et al, FL	-5.3%	1.2%
Toledo, OH	14.0%	8.3%
Tucson, AZ	2.3%	-1.8%
Tulsa, OK	-1.4%	2.8%
Urban Honolulu, HI	-8.9%	-1.9%
Virginia Beach et al, VA-NC	0.3%	5.3%
Washington et al, DC-VA-MD-WV	-0.8%	2.6%
Wichita, KS	-6.2%	2.3%
Winston-Salem, NC	-8.0%	0.3%
Worcester, MA-CT	9.1%	4.8%

[Aquaman]

@Sonu_Patel