5 Major Cities Where Pros Predict Home Prices Are Likely To Drop Next – MarketWatch.com
March 02, 2024As many as 14% of the housing markets in a recent National Association of Realtors (NAR) survey reported home price declines in the fourth quarter of 2023.
Not only do pros predict that mortgage rates will drop in 2024, there are, in fact, housing markets where home prices have been declining. Indeed, 14% (32 out of 221 markets measured) of the housing markets in NAR’s survey saw home price declines in the fourth quarter.
Jeff Taylor, Founder and MD of Mphasis Digital Risk, shares his thoughts on what this means for homebuyers in the article.
