Will prices fall 5% in 2024?

No markets are currently registering annual price falls of more than 5%. However in 2024, we expect to see an increase in markets registering 5% falls, as sellers continue to adjust their asking prices in the face of weaker buying power.

What will the housing market look like in 2024?

Our House Price Index forecast edition reveals our housing market predictions for next year. So what will 2024 have in store? Mortgage rates look set to remain higher for longer into 2024 and we’re not expecting them to fall back to 4.5% until H2 2024.

How will used car prices change in 2023 and 2024?

When it comes to used car prices, supply and demand drive the market. In 2023 and 2024, it’s the reduced supply of used cars that ensures prices will remain elevated. Used car prices rose 36% in 2021, only to fall 7% the year after. As 2023 comes to a close, it looks like used car prices will end the year about where they began 12 months ago.

What does the World Bank forecast for 2024 look like?

This forecast is built on assumptions about global economic growth, commodity prices, exchange rates, and inflation. Compared to other sources and experts, the World Bank’s forecast is slightly lower than the average consensus forecast of $2,100 per ounce for 2024 but higher than some other forecasts anticipating a steeper decline in gold prices.