The only home currently for sale on Willoughby Way in Aspen, Colorado.
The housing market could see some relief in 2024, according to LendingTree.
  • LendingTree predicts 30-year fixed mortgage rates could drop to 6% in 2024, and possibly lower before 2025.
  • Easing rates could help boost homebuyer demand, but challenges to affordability will persist.
  • 2024 could see some additional housing supply, but activity will remain sluggish.

Americans could see some moderate relief in the housing market in 2024 compared to last year, but affordability challenges will persist and activity will stay relatively sluggish, according to LendingTree.