Ardene Elfrieda

Housing Market 2024.  — what will happen to the housing market in the second half of 2024? Our forecasts for rents in 2024 also appear broadly on track, if you ignore the uncertainty surrounding the renters reform bill.

Elevated mortgage rates and limited housing supply will continue to influence the relationship between rental and ownership markets, with regional variations. Rates roughly doubled back in 2022, thanks in part to the federal reserve’s war on inflation, and they have stayed high since.