2024 Real Estate Forecast: Growth in Oregon and Texas Cities

A study by CoreLogic projects a 2.5% nationwide increase in home prices through November 2024, with some cities like Redding, CA and Fairbanks, AK forecasted to experience more than double that growth. Despite soaring mortgage rates, competition and housing prices have remained high due to pent-up demand and inventory shortages. The top 20 cities where home prices are expected to grow most in 2024 were listed, while Florida dominates the top five metro areas with the highest likelihood of home price reductions. The outlook for home buyers remains challenging due to limited supply, with experts noting that only a dramatic rise in supply will dampen price appreciation.