July 2024 Housing Market News. According to the realtor.com® july housing data, the market is becoming more buyer friendly through a combination of rising inventory levels and price cut. Mortgage rates were high in the first half of 2024, before dipping in july.
The housing market continues to remain slow after being impacted by high mortgage rates. Home prices will rise 6.5% between july 2023 and july 2024—up from the 6.3% call it made last month.