Housing Market 2024 Interest Rates. Here are a few key factors that could influence whether the us housing market crashes in 2024: No one can predict what will happen to mortgage rates, but high inflation — which drove interest rate hikes in 2023 — continues to drop toward the federal reserve’s target.
Zillow’s latest forecast calls for home values to hold steady in 2024, falling 0.2%. Against a backdrop of modest economic growth, slightly higher unemployment, and easing inflation longer term interest rates including mortgage rates begin a slow retreat.