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You might be worried about a potential housing bubble if you suffered through the Great Recession of 2008 and 2009. We talked to real estate experts about what the real estate market could look like in 2024. In October, mortgage interest rates soared to their highest level in 23 years, 7.9%, as home prices went sky-high. On Dec. 13, the Federal Reserve announced a continued pause on raising rates. It was a welcome sign after 11 rate hikes from early 2022 through mid-2023. Home prices have dropped substantially over the past several months from the highs reached in 2022.