ilmscore | Prediction Details
"99 of homeowners have a rate below six percent and the bulk of those are locked in under four percent meaning prices would have to fall by 40 just for the monthly payments to equal the same cost as getting a higher mortgage should that person choose to move."
By Graham Stephan | April 24, 2023 | Pending
From video
The Next Housing Market Crash (Worse Than 2008) 00:03:44 - 00:03:58
Interpreted Prediction
Nearly all homeowners (99%) have mortgage rates below 6%, with most under 4%. This means home prices would need to drop by 40% for monthly payments to match the cost of a new, higher-rate mortgage.

Prediction Details

Topic
Housing Market

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