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Looking ahead – the housing and mortgage markets in 2024?

Falling house prices and turbulent mortgage rates made 2023 an unpredictable year for homeowners and movers. So, what’s in store for 2024?

Even the more optimistic analysts expect house prices to keep falling. Some analysts also predict mortgage rates will remain higher for longer into this year, with an expectation that they will not fall back to 4.5% until the second half of 2024. Meanwhile, expected rising incomes in 2024 may have a positive effect on housing affordability.

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