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Home Prices Predicted to Fall 1.7% in 2024. These Metro Areas Will See the Biggest Declines.

Home prices will fall in 2024 for the first time in more than a decade, according to one industry forecaster—but declines won’t be uniform. Sales will remain low; the supply of available homes for sale will continue to slide; and mortgage rates will average 6.8% in the new year, according to Realtor.com’s forecast published on Wednesday. The median home sale price will fall 1.7% next year after eking out an anticipated 0.2% gain in 2023, according to the forecast.
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