ilmscore | The Housing Market Just Went ABSURD

The Housing Market Just Went ABSURD

Published: 2021-08-02
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The housing market is expected to normalize with increased inventory and slower price appreciation.
"I do think we're beginning to see the housing market start to return to normal with more Tory coming on the market along with prices rising in a somewhat slower rate."
Real Estate Market
Pending
Home prices are expected to stabilize as material costs normalize.
"as the cost of materials begins to come down and normalize we should start to see more consistent pricing throughout the market"
Home Prices
Pending
The current housing market conditions, characterized by low inventory and interest rates, are predicted to persist for another 6 to 12 months.
"I have a feeling this could last another 6 to 12 months as inventory and interest rates continue to stay low"
Housing Market Trend
Pending
A small increase in homes for sale due to people selling is the worst-case scenario, but it's unlikely to crash the market.
"the worst case scenario here is that we see a small uptick of more homes in the market as people decide to list and sell their homes but I highly doubt that would be enough to crash the market"
Foreclosures
Pending
There is no definitive verifiable source to determine the exact number of tenants at risk of eviction.
"in terms of exactly how many tenants are truly at risk of eviction there is not one single verifiable source of information that gives us that amount"
Evictions
Pending
Tenants are more likely to voluntarily leave or arrange payment plans with landlords rather than face eviction.
"I have a feeling the tenant will either voluntarily leave or they're going to work out a payment plan with a landlord to stay"
Evictions
Pending
Rental relief programs are available but are expected to have restrictive eligibility criteria.
"rental relief is also in the works but unfortunately it tends to be quite restrictive in terms of how and who could get it"
Rental Relief
Pending