Will Home Prices Go Down In 2024. Home prices would also likely soften due to fewer eligible buyers and less competition. According to a report by zillow, home values are projected to increase by 5.5% over the next year, slower than the 16.9% increase seen in 2021.
In a recent poll conducted by finder, 55% of property and economic experts forecasted that house prices would drop by between 5% and 7.5% by autumn 2024. Zillow economists predicted this week that home prices would rise 2.1% between september 2023 and september 2024. On the one hand, mortgage rates are likely to decrease.