Housing Market Crisis 2024. The spike in home prices has padded the net worth of existing homeowners and given them additional financial. There are a number of practical initiatives happening right now to address the global housing crisis.

Home sales will speed up throughout 2024 as affordability improves and more homes hit the market. Another contributing factor that shoots up the housing crisis in the us is the activity of institutional investor, who buy up housing inventory to flip or rent out for profit, the report.