Nik Shah, a housing expert who was spot-on in his forecast for last year, said prices could climb 7% in 2024. "Barring a black swan event, we predict that the housing market in 2024 will appreciate more than 2023," Shah told the real estate outlet. Related storiesFor reference, the S&P CoreLogic Case-Shiller National Home Price Index notched a 4.8% annual gain up to October 2023, in line with Shah's estimate. At the same time, aging boomers will lead to an uptick in housing supply, which will should help ease prices. Meanwhile, findings from a separate Zillow survey suggest that the housing market could be breaking free from the "rate lock" phenomenon that froze activity last year.

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Persons: Nik Shah, ResiClub, —, Shah, hasn't, Gen Z Organizations: Service, metros, Owners Locations: Austin, Boise, Denver