Today, in the Calculated Risk Real Estate Newsletter: Preliminary 2024 Housing Forecasts
A brief excerpt:
Towards the end of each year, I collect some housing forecasts for the following year – and also provide my own outlook. Several more forecast will be available in early December.
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A few key points from these early forecasts:
1) Forecasters expect house prices in increase next year.
2) Everyone expects multi-family starts to be down sharply in 2024.
3) 30-year fixed rate mortgages rates are expected to be above 6% next year (MBA is at 6.1%, NAHB is at 6.4%, and Fannie is at 6.9%)
I’ll have several more forecasts (and updated forecasts) by December.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/