|
Key Housing Indicators |
2024 Forecast |
2023 Full Year |
2013 – 2019 Average |
|
Mortgage Rates |
6.8% (avg) |6.5% (year-end) |
6.9% (avg) | 7.4% |
4.0% |
|
Existing Home Median Price Appreciation* |
-1.7% |
+0.2% |
6.5% |
|
Existing Homes For-Sale Inventory* |
+0.1% | 4.07 million |
-19.0% | 4.07 million |
+2.1% | 5.28 million |
|
Single-Family Home Housing Starts (Annual) |
+0.4% |0.9 million |
-10.3% | 0.9 million |
-3.6% |
|
Rent Growth |
-0.2% |
+0.2% |
+5.0% |
*Year over year
Realtor.com 2024 Housing Market Forecast and Predictions: housing to become more affordable nationally.
