Housing Market Forecast for the Next 2 Years: 2024-2026
After years of soaring home prices driven by low mortgage rates, the US housing market is stabilizing, according to Norada Real Estate Investments. Experts predict more modest price appreciation with annual growth excepted around 3% in 2024 and up to 5% by the end of 2025.
Market shifts and new construction will drive a gradual increase in housing inventory, although supply is still projected to remain below pre-pandemic levels.
