Will The Housing Market Crash In 2024. More homes will hit the market as homeowners accept that mortgage rates aren’t falling any time soon. The us unemployment rate rose to 4.3% in july, sparking recession fears.

According to a lendingtree survey, 44% of americans believe that the housing market could crash this year, and more than one third say they want the market to crash,. The median new mortgage payment was $2,167 in june, a 2.4% decline from.