ilmscore | Prediction Details
"in order for affordability to return back to its previous levels one of three things has to happen either the 30-year mortgage rate needs to Fall by 4.4 percentage points the median household income needs to rise by 62% or home prices need to fall by 38%"
By Graham Stephan | December 6, 2023 | Pending
From video
It’s Here: The Reverse Housing Crash Of 2024 00:11:07 - 00:11:22
Interpreted Prediction
For housing affordability to return to previous levels, either mortgage rates must decrease by 4.4 percentage points, median household income must increase by 62%, or home prices must drop by 38%.

Prediction Details

Topic
Home Affordability

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