Houston Housing Market Forecast 2024. For 2024, with houston ranking 88th. Experts say that the combination of high mortgage rates, inflated home values and scarce inventory suggest that 2024 could remain a challenging year for the.

In bofa’s view, home prices are likely to rise by about 4.5% in 2024, with prices staying elevated into next year. Home prices posted a 5.9% annual gain for may, down from a 6.4% annualized gain in april, according to the latest s&p.