"Expert Insights: Navigating the 2024 Housing Market and Mortgage Rates"

Logan Mohtashami predicts a similar range for the 10-year yield in 2024 as in 2023, with mortgage rates potentially dropping to sub-5% if economic conditions weaken. Home prices are expected to see low single-digit growth unless mortgage rates stay low and new listings don't increase, which could drive prices higher. Existing home sales need lower rates for growth, while new home sales could benefit from builders' ability to offer lower rates. The economic outlook remains cautiously optimistic, with no immediate recession concerns unless jobless claims rise significantly. Mohtashami emphasizes the importance of tracking weekly housing market data to stay informed of rapid changes.