The Housing Market In 2024. When will home prices drop? The number of homes actively for sale was notably higher compared with last year, growing by 23.5%, a fifth straight month of growth.
Our forecasts for rents in 2024 also appear broadly on track, if you ignore the uncertainty surrounding the renters reform bill. While economic growth has moderated slightly, the labor market remains resilient with the unemployment rate remaining below 4% for the 26th consecutive month, the longest streak since the 1960s.