Housing Market Crash 2024. The share of home listings that saw a price cut rose to 18.9% in july, up 3.4% from last year. Housing market will likely thaw in 2025, but sales will remain low.

As a result, we’ve revised our forecast from a decline of 1.7% to a gain of 4.6% for 2024 as a whole. The median new mortgage payment was $2,167 in june, a 2.4% decline from $2,219 in may, according to.