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Home›Advice›Market News & Trends›Will home prices decrease in 2024?

Will home prices decrease in 2024?

Will home prices decrease in 2024? I know there's no crystal ball, but based on your experience with housing trends, what do you think might happen to house values in 2024? Or will it be regional??

Asked by Dallas | Colorado Springs, CO| 12-13-2023| 696 views|Market News & Trends|Updated 2 years ago

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Answers (2)

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Josephine & Raj Sharma

Josephine & Raj Sharma

Legacy Homes Realty · Lake Elsinore, CA

(150 reviews)

This is a tough questions but all signs are showing it will not decrease in value anytime soon, demand is still there and the Fed has decided not to increase the rate anymore and in 2024 plan to lower the rates 3 times which will bring more buyers on the market and increase in demand.

12-16-2023 (2 years ago)··

Elisa Bruno-Midili

Novice2 Answers

Elisa Bruno-Midili

eXp Realty · White Plains, NY

(64 reviews)

In analyzing the market in the New York Metro area the prices will not decrease in 2024. The gainwill not be as grat as in the past but we can expect a 2-4% annual gain in value.

12-19-2023 (2 years ago)··

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