Will the Housing Market Crash in 2024?

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Experts overwhelmingly say that the housing market isn't going to crash anytime soon. The last housing crash helped cause today's lack of supply, which is what's keeping prices from falling. Mortgage rates, however, are expected to fall this year. This will help make homeownership more affordable. With high mortgage ratesand even higher home prices, the mood among hopeful homebuyers has been fairly bleak. In Fannie Mae's most recent National Housing Survey, only 20% of consumers said they think it's a good time to buy a home.Home prices increased 6.49% year over year in March 2024, according to the latest S&P CoreLogic Case-Shiller Home Price Index, and many housing marketforecasters expect them to continue increasing throughout 2024."...