by Calculated Risk on 10/16/2023 10:51:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Preliminary 2024 Housing Forecasts

A brief excerpt:

Towards the end of each year, I collect some housing forecasts for the following year - and also provide my own outlook. Several more forecast will be available in early December.
...
A few key points from these early forecasts:

1) Forecasters expect house prices in increase next year.

2) Everyone expects multi-family starts to be down sharply in 2024.

3) 30-year fixed rate mortgages rates are expected to be above 6% next year (MBA is at 6.1%, NAHB is at 6.4%, and Fannie is at 6.9%)

I’ll have several more forecasts (and updated forecasts) by December.

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/