Will Home Prices Finally Fall? | 2024 Housing Market Predictions

Will Home Prices Finally Fall? | 2024 Housing Market Predictions

Visit https://sofi.com/bigger-pockets for a commitment-free mortgage rate check, without impacting your credit.

Most 2024 housing market predictions are fiction more than fact. To counter the non-stop newsfeed of “it’s gonna crash!” forecasters, we brought on Dave Meyer, BiggerPockets VP of Data and Analytics and host of the “On the Market” podcast. Dave is going to go through all the data that’s impacting our housing market, the biggest factors that could cause home prices to rise, fall, or crash, and what YOU can do now to make money in 2024, no matter what way the housing market goes.

We’ll look at supply and demand and WHY home prices went up this year when everyone else (including Dave) thought they’d go down. Then, how mortgage rates could keep the housing market at a standstill, and why we could be in store for a “rough first half” of 2024, with some light at the end of the tunnel toward 2025.

Visit https://sofi.com/bigger-pockets for a commitment-free mortgage rate check, without impacting your credit.

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Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
Spotify: https://open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY
Apple Podcasts: https://podcasts.apple.com/us/podcast/on-the-market/id1615086704
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Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
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Watch Another WednesDATA Video:
https://www.youtube.com/playlist?list=PLgSUZKLPRI9vHmKt2TaUkBMBxW_3QHCPh
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Where America’s Most Accurate Forecaster Sees Home Prices in 2024:
https://youtu.be/5RKDyMb6nZU?si=EULJra8MmRwgVzm0
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Data Used in This Video:
Highest Acceptable Mortgage Rate: https://jbrec.com/insights/5-5-is-the-magic-mortgage-rate/
Foreclosure Data: https://www.attomdata.com/news/market-trends/foreclosures/attom-mid-year-2023-u-s-foreclosure-market-report/
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Connect with Dave on BiggerPockets:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Dave on Instagram:
@thedatadeli or https://www.instagram.com/thedatadeli/

00:00 2024 Housing Market
00:40 Sponsor: SoFi!
01:51 Why Prices Went Up in 2023
04:18 Inventory vs. Affordability
05:50 The “Lock-In” Effect
07:14 Foreclosures
07:52 New Construction
09:51 Mortgage Rate Predictions
15:14 “A Rough First Half of 2024”
20:47 How to Invest in 2024


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