Housing Market 2024 Interest Rates Usa. Although a recession is no longer predicted, economic growth is expected to decline from. Housing affordability is a major problem in america.

If mortgage rates fell 1% to 6.125% and home prices rose a modest 4% as projected by the federal housing finance agency in 2024, it would take $105,000 and. The housing market felt the impact of higher rates in 2023 with total annual home sales on track to be the lowest since 2012.