After experiencing three tumultuous years, many real estate professionals in the U.S. are now wondering what 2024 might bring. Will 2024 be a good year for the real estate agents? What will the housing market be like next year? And what trends do agents need to know about, in order to succeed? Real Estate Industry […]
Housing Market Inventory Shortage Expected to Stretch Into 2024
Summary: The United States continues to experience a housing market inventory shortage that has increased demand among home buyers in cities across the country. Real estate market inventory levels are not as low as they were in the midst of the COVID pandemic, when home-buying activity surged nationwide. But they’re still very low from a […]
U.S. Home Price Outlook 2024: Will Prices Drop or Keep Rising?
Summary: One forecast predicted that U.S. home prices would drop in 2024, while several others have predicted moderate price growth next year. We expect house values to rise gradually in 2024, in most parts of the U.S., a home-price outlook shared by several forecasters. The U.S. real estate market experienced some extreme conditions over the […]
U.S. Housing Market Forecast for 2024: Low Inventory, Steady Price Growth
In this report: A collection of U.S. housing market predictions and forecasts for 2024, from HBI’s analysts as well as curated third-party sources. The real estate market has been on quite a roller coaster ride over the past three years or so. You probably know most of this story already, so let’s just start with […]
Phoenix, Arizona Housing Market Trends and Forecast for 2024
In this report: An update on current real estate market conditions within the Phoenix metro area with a forecast extending into 2024. The housing market has been through quite a roller coaster ride over the past three years. The COVID pandemic led to a surge in home-buying activity, causing inventory levels to plummet. During that […]
Orlando, Florida Real Estate Market Forecast Into 2024
The general forecast for the Orlando-area real estate market suggests that home prices will level off briefly and begin to rise again later in 2023. Into 2024, predictions indicate that the Orlando housing market will experience steady price gains due to population growth, limited inventory, and strong demand. Orlando Home-Price Forecast Into Spring 2024 According […]
Tampa, Florida Real Estate Forecast for 2023 – 2024
A recent Zillow forecast for the Tampa metro area real estate market predicted that the median home value would keep rising through this year and into 2024. In fact, they predicted that the Tampa-St. Petersburg-Clearwater metropolitan area would experience even bigger price gains over the next year compared to the previous one. That’s a very […]
Miami, Florida Housing Forecast Through 2023 and Into 2024
As with many cities and metro areas across the country, the Miami real estate market has cooled down in 2023. Higher prices and mortgage rates have reduced demand, leading to fewer and slower home sales. Our 2024 housing market forecast for the Miami metro area predicts that home prices will rise more slowly, and that […]
Houston, Texas Housing Market Forecast 2024
In this report: a summary of current real estate market trends in the Houston, Texas metro area, with some general predictions stretching into 2024. Home prices in Houston declined a bit in early 2023. But that will likely be a short-term housing market “correction,” after which prices begin rising at a slower pace in keeping […]
Texas Real Estate Market Forecast 2023 – 2024: More Balance Ahead?
Recent forecasts and predictions for the Texas real estate market through 2023 and into 2024 suggests that a return to “normalcy” might be ahead. In most cities across the state, home prices are rising at a more sustainable pace compared to the meteoric rise that began during the COVID pandemic. But the big change right […]