Expected Housing Market 2024. After surges in housing starts in 2021 and 2022, followed by a sharp decline in 2023, in 2024 the direction of housing starts will depend on the sector. Erratic and dramatic mortgage rate movements that heavily influenced the housing market in 2024 are destined to play a major role once again in the coming year.

After months of turmoil, the housing market should be slightly calmer in 2024. Prices are expected to tick.