Meanwhile, Freddie Mac believes home prices will increase at a slower tempo of two.6% in 2024, down from 5.4% in 2023 versus the year prior. Homebuyer demand declined but home prices truly rose 2% to 5% higher by the end of 2023 versus a yr in the past. The indicators for 2024 are for slightly improved stock, extra selection for consumers. But purchaser demand is inching higher too, so the market steadiness looks as if it will continue into the following yr, which means the housing market is unlikely to crash anytime quickly.
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