While most industry experts predicted US home prices would fall anywhere from 10-20% for 2023, there were a few who remained bullish, and now looking back, they were closer to the mark.Today, we’ll take a look at an interview between Lambert and Shah for Resiclub to see his 2024 forecast, as well as some recent data from Redfin that shows the “lock-in” effect, which refers to homeowners refusing to sell their homes for fear of losing their low mortgage rates, seems to be showing signs of easing, as existing-home sales rose in November after five consecutive monthly declines.

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