Housing in 2024: Challenges, Trends, and the Road Ahead
The U.S. housing market in 2024 was marked by economic resilience, persistent affordability challenges, and shifting market dynamics. While the economy appears to be on the path to a soft landing with controlled inflation and steady employment growth, the housing sector navigated complex headwinds like rising mortgage rates and tight affordability. Here’s a look back at some of the year’s key milestones.