Housing Market Outlook: 2024-2029
Economic Growth: Slowing from 2.9% in 2023 to lower levels in 2024, though no recession is expected. Predictions may shift if economic conditions change.
Home Prices: Up 4% YoY in 2024, with steady increases expected through 2029, rising about 17% from 2024 levels.
Home Sales: After historic lows in 2023-2024, existing home sales will gradually recover, while new home sales continue to grow but face land and labor constraints.
Home Rents: Growth has slowed, with single-family rents rising in 2025 while multifamily rents may dip before rebounding later in the year.
For More details : 2025-2029 Five-Year Housing Market Predictions
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