Redfin’s real estate outlook for 2024 has good news for homebuyers—or does it? With affordability deteriorating beyond levels seen at the peak of the housing bubble, chief economist Daryl Fairweather sees improvement next year—just not at the rate that’s actually needed.
“Home prices will still be out of reach for many Americans, but any break in the affordability crisis is a welcome development nonetheless,” Fairweather wrote in an outlook released this week. This was just one of seven predictions she had.
