ilmscore | The Housing Market Is Sinking

The Housing Market Is Sinking

Published: 2021-08-06
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Interest rates may increase as early as 2022 due to rising inflation.
"some anticipate that a rate increase could happen as soon as 2022"
Interest Rates
Pending
Lumber prices have fallen by approximately 68% from their peak.
"lumber prices are finally falling down about 68% since the peak"
Lumber Prices
Pending
Lumber prices are expected to decline sharply by the end of 2022 due to increased imports.
"the price of lumber should sharply decline deined by the end of 2022 as Lumber Imports increase"
Lumber Prices
Pending
Jerome Powell maintains that interest rates will remain near 0% through 2023.
"drone Powell still maintains that rates will stay near 0% through 2023"
Interest Rates
Pending
Millennials are currently dominating the home buying market, and Gen Z's increasing desire to buy homes (72% express this intent) will likely lead to even more buyers in the future.
"Millennials have dominated the home buying Market but soon approaching is Gen Z and with 72% of them saying that they eventually want to buy a home that could mean eventually even more buyers lining up to place offers"
Home Buying Demand
Pending
The long-term financial difference between buying a home now versus later is expected to be minimal.
"the difference between you buying now and later is going to be fairly nominal"
Real Estate Market
Pending