Housing Market Predictions 2024 California. More homes will hit the market as homeowners accept that mortgage rates aren’t falling any time soon. The forecast calls for a calmer real estate market with slight improvements in affordability for buyers, concessions for renters and more.

According to the national association of realtors (nar), existing home sales have shown. Home prices posted a 5.9% annual gain for may, down from a 6.4% annualized gain in april, according to the latest s&p corelogic.