The Most Accurate Housing Market Forecast 2024

While most industry experts predicted US home prices would fall anywhere from 10-20% for 2023, there were a few who remained bullish, and now looking back, they were closer to the mark.Today, we’ll take a look at an interview between Lambert and Shah for Resiclub to see his 2024 forecast, as well as some recent data from Redfin that shows the “lock-in” effect, which refers to homeowners refusing to sell their homes for fear of losing their low mortgage rates, seems to be showing signs of easing, as existing-home sales rose in November after five consecutive monthly declines.

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Videos are for educational and entertainment use only. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors.

[LearningFast]

It all depends on what the Fed does. If the Fed doesn’t lower the interest rate then home prices will remain high. If the Fed lowers the rates enough then demand will increase and new listings will increase as well.

[TheWhitechocolit]

Prices already creeping down in Arizona

[Rosinsky]

How many months of supply with new builds?, 10?

[BY-rlsk]

Well according to the prediction people who want to buy more affordable houses can patiently till the 2030s when price is lower by then

[jameslocklear]

At least DMV housing market would be ok for sure...

[charlescampa]

You failed to mention that Austin and Phoenix are high because of high crime and homeless camps. Doesn’t surprise me that people in those areas are trying to get out.

[hernandez-perezandroid]

I live in the 🇺🇸 Territory 🇵🇷 and all real estate property prices skyrocketed, specifically housing over $50k, basically overnight, thanks to government incentives to new home buyers 😅. The intention to offer these New Home Buyers incentives of $55k was to minimize the impact of the increased interest rate by helping New Buyers in their closing cost and lowering the amount of $$$ been finance, What happened is that all properties increased that amount been offered by the government 😂.

[caa]

I agree with Shah prediction of home prices for the 2020s and rates will go as low as 5% percent by the very end of this year. I think in the 2030s when demand decreases rapidly rates will drop as low as 2021 rates maybe lower.

[Dee-wy]

The reason home values are declining is that there is just no demand. Home values will continue to decline well into the 2030's. In Florida, condo values are declining fast.

[Addis-pu]

😂😂😂😂😂😂😂
Mortgage 5000
Utilities 600
Car insurance 2000/y
Health insurance 1500/m
Groceries 2000
Phone + internet 250
Car payment 500
You name it and continue who is going to afford 😂😂😂😂😂😂🇺🇸🇺🇸🙊🙉🙊🙉🙊🙉🙊🙉worst than 2008

[fernandochen]

You need to learn to get to the point.

[memecat]

Don't worry everyone, just buy SPY and sell contracts daily. Rent free for life 🙉😂. Don't buy a house, it is a liability. Pay rent and invest.

[henrybiernacki]

who is posting you to spout out this rubbish. It is geographical, and CA is dropping.