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  1. Housing
  2. Home Buying

Here's Where Mortgage Rates and Home Prices Are Heading, According to Zillow and Redfin

By: Brenden Rearick
Brenden Rearick
Reporter | Joined March 2023
Brenden Rearick is a news reporter for Money who covers mortgages, real estate and lots of other personal finance topics. He has been a news reporter for Money since March of 2023.
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Editor: Brad Tuttle
Brad Tuttle, expert in Personal finance, shopping, consumer trends, and Senior Editor at Money
Brad Tuttle
Senior Editor | Joined January 2014
Brad Tuttle is a senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.
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Published: Jan 19, 2024 6 min read

Some semblance of a buyer's market in real estate could finally be on the way in 2024, bringing to a close a year of low inventory and record high prices. But don't get too excited; it will likely be a slow change.

That's according to housing market predictions from real estate companies Redfin and Zillow. Both are forecasting that buyers will see some improvements in terms of inventory and prices as we get into 2024. However, both say that mortgage rates will remain stubbornly high, hampering the speed at which real estate will return to normalcy.

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Housing market predictions for 2024