Articles for tag: Falling, Home, Mortgage, Prices, Rates, Soar, Supply, Tight

Home Prices Soar Amid Tight Supply and Falling Mortgage Rates in 2024

A recent Reuters poll suggests that average home prices in the U.S. are expected to rise by 5.4 percent in 2024, with further increases projected for the following years. The forecast is influenced by anticipated drops in mortgage rates, which could improve affordability for buyers. However, tight housing supply continues to pressure the Market, making ...