The real estate market was brutal for home buyers in 2023 as mortgage rates soared above 8% and home prices touched a record high in June. In 2024, buyers in some markets may again not get much of a break, according to a new forecast.
While home prices are expected to appreciate by 2.5% nationally this year, residential real estate in 20 U.S. cities could see pricing gains of at least double that rate, property research firm said. At the same…