2024 – A year to buy a home in the United States?

Skylar Olsen, chief economist at Zillow stated that rates in the 3% range seen in 2020 and 2021 will not return. Lawrence Yun, chief economist at NAR, said he expects the 30-year fixed mortgage rate to average lower at 6.3% in 2024, and Realtor.com forecasts mortgage rates to average around 6.3%. 8% during 2024 and will end the year closer to 6.5%.

Housing, Commercial, Land Market Projections in Texas.

Economists at the Texas Real Estate Research Center at Texas A&M (TRERC) released their 2024 outlook for real estate in the housing, commercial, and land sectors of the Texas economy.  

Texas has consistently set the pace for real estate trends, with DFW, Houston, Austin, and San Antonio dominating the U.S. market in 2023. As the state’s influence continues to shape the nation, the 2024 Texas Real Estate Forecast delves into the sustainability of this trend.