ilmscore | Prediction Details
"Builders...coming out of the gates into 2024 very strong uh starting to increase price points I would say every two to three months so at least once a quarter you should see probably about a 3 to 4% price increase in homes."
By Rent To Retirement | March 7, 2024 | Incorrect
From video
Election Year Impact on Real Estate: Insights & Trends 🏡📈 00:13:06 - 00:13:20
Interpreted Prediction
New construction home prices are predicted to increase by 3-4% at least once per quarter in 2024.
AI Evaluation Notes
The prediction stated that new construction home prices would increase by 3-4% each quarter in 2024. According to the Federal Housing Finance Agency House Price Index, the purchase-only, seasonally adjusted index for new-construction homes increased by 0.3% in 2024 Q1, 0.6% in 2024 Q2, 0.6% in 2024 Q3, and 1.0% in 2024 Q4. The actual increases were far below the predicted 3-4% per quarter, therefore, the prediction was completely wrong.

Prediction Details

Topic
New Construction Home Prices

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