The U.S. Housing Market Forecast: Continuous Downturn Followed by A Thaw in 2024

Yuwei ZhouThis U.S. Housing Market Forecast article was written by Yuwei Zhou – Financial Analyst at I Know First.

Summary

  • The U.S. NAHB/Wells Fargo Housing Market Index declined continuously for 10 months
  • 30-year fixed-rate home loan has more than doubled this year, to 6.9%
  • FOR’s growth has slowed down since Q2 2021
  • The housing market is going to stabilize and grow in 2024

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