Housing Market Fall 2024. Driven by supply from established developers, stable economic conditions, and positive buyer sentiments, residential sales in the first quarter of 2024 experienced significant growth. There's a chance mortgage rates will fall slightly by the end of 2024 and the beginning of 2025.
Signs point to more competitive rental market ahead (november 2024 rental market report) a ‘silver tsunami’ won’t solve housing affordability challenges; Overall, we expect 4.3 million sales in 2024, up 5% year over year.