Home Prices Facing Bleak Forecast as 2024 Outlook Reveals Shocking Decline
New York, NY – The latest outlook from Freddie Mac has revealed a significant shift in forecasts for U.S. home prices, painting a different picture than what was anticipated just a month ago. According to the mortgage giant, home prices are now projected to increase by only 0.5% in both 2024 and 2025, a sharp decline from the previous forecast of 2.5% in 2024 and 2.1% in 2025. The downward trend in price predictions is …