2024 Homebuying Trends: Cities with Potential Price Gains and Fluctuating Interest Rates

A new forecast suggests that while home prices are expected to appreciate by 2.5% nationally in 2024, residential real estate in 20 U.S. cities could see pricing gains of at least double that rate, with Redding, California projected to see the greatest increase at 7.3%. However, a handful of cities, particularly in Florida and Georgia, are at risk of price declines, with some facing a 70% chance of a price slump due to previous significant pricing gains during the pandemic.