ilmscore | Is This the Turning Point for Real Estate? | November Housing Market Update

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
Real estate investors will find better deals and values in the market in the coming years due to more realistic seller pricing.
"But I do think the sign that people are listing their properties for slightly lower than they were a year ago is a step in the right direction and I think to me means that there are going to be better deals at better values for real estate investors to come."
Real Estate Investment
Pending
Mortgage rates were predicted to be between 6% and 6.5% in November and December 2025.
"And I said that, you know, in November and December of 2025, they would be in the low sixes, between 6 and 6 and a half%, we're sitting right smack in the middle of that right now at about 6.3%."
Mortgage Rates
Pending
Housing market affordability will slowly improve in the foreseeable future, characterized by flat or slightly negative real home prices, modestly improving mortgage rates, and continuing growth in real wages (the 'Great Stall').
"affordability can get better, but it's going to happen slowly. It's going to happen from the combination of three things. Real home prices flat or slightly negative. mortgage rates modestly slowly improving, real wages continuing to go up... unless a couple of weird caveats happen, I think this is probably what we're in for for the foreseeable future. ... But if things keep on the same path they're on, this is likely what we're going to see."
Housing Market Affordability
Pending
The housing market will not experience significant appreciation in the next couple of years.
"That's kind of my opinion is we aren't going to see any amazing appreciation for the next couple of years, but you're probably insulated against that downside risk."
Housing Market Appreciation
Pending