"2024 Housing Market Predictions: Rise in 20 U.S. Cities, Top Housing Stocks, and Texas Real Estate Insights"
TL;DR
CoreLogic projects a 2.5% nationwide increase in home prices through November 2024, with some cities like Redding, California and Fairbanks, Alaska expecting more than double that growth. The top 20 cities with the highest forecasted price growth are listed, while Florida dominates the top five metro areas likely to see home price reductions. Despite lower mortgage rates, high demand and limited supply continue to drive prices up, with the National Association of Realtors Chief Economist emphasizing that a significant increase in supply is needed to slow down price appreciation.
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