Housing Market News 2024. After surges in housing starts in 2021 and 2022, followed by a sharp decline in 2023, in 2024 the direction of housing starts will depend on the sector. Rates roughly doubled back in 2022, thanks in part to the federal reserve’s war on inflation,.

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. Housing demand is on the rebound, but with mortgage rates still averaging 6.8%, many prospective homebuyers continue to be priced out of the market.