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