Housing Market 2024 Predictions. Although a recession is no longer predicted, economic growth is expected to decline from. However, now that this period has passed, some southwest and southeast markets are starting to post price declines.
Low borrowing costs made buying larger homes, second homes and investment properties much more affordable, attracting more buyers to the market. With housing becoming increasingly unaffordable, the problem has become a key issue in the 2024 presidential election.