Housing Market 2024 Newsweek

Housing Market 2024 Newsweek. Mortgage rates have fluctuated in recent weeks after they declined from their peak in the fall when they skyrocketed to 8 percent, the highest level they had hit since the turn of. Mortgage rates soared to highs of over 8 percent in october of last year, but have seen a steady descent since, coming down to around 6.64 percent on thursday, according to.

Key takeaways from december’s housing market update. Experts say that the combination of high mortgage rates, inflated home values and scarce inventory suggest that 2024 could remain a challenging year for the housing market.