Stop Buying Homes | The Housing Crisis Just Got Worse
Published: 2022-02-16
Status:
Available
|
Analyzed
Published: 2022-02-16
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Fannie Mae predicts the US housing market will enter a 'new normal'.
"the national home lender Fannie Mae warns that the housing market is about to soon enter a new normal"
Pending
The Mortgage Bankers Association predicts interest rates will reach 4.4% by the end of 2022, leading to a 2.5% decline in home prices.
"the Mortgage Bankers Association predicts that interest rates will continue to rise ending the year at four point four percent and as a result they believe that home prices will decline by an average of two and a half percent"
Pending
Rising interest rates will incentivize homeowners to stay in their current homes due to higher borrowing costs for new purchases.
"Rising interest rates create a domino effect if you sell your home then you must buy a new one at a higher interest rate than you were probably paying before"
Pending
Fannie Mae and Freddie Mac increased loan sizes by 18% in 2022, with a new maximum loan size of $1 million in high-cost areas.
"Fannie Mae and Freddie Mac have increased their loan sizes by 18 percent resulting in a maximum loan size of up to a million dollars"
Pending
Fannie Mae and Freddie Mac forecast continued high inflation and home price growth of 7.6% for 2022, with ongoing affordability challenges for buyers.
"the mortgage Giants Fannie Mae and Freddie Mac warned that inflation will remain high and that home price growth will continue adding that it's unclear what structural shifts in the economic and housing markets over the last two years will be permanent they also anticipate that home buyers could struggle with affordability challenges and predicts home prices to jump another 7.6 percent this year"
Pending
The speaker predicts that despite high prices and rising rates, home sales will slow, and price appreciation will moderate to a more sustainable pace due to affordability constraints.
"they expect the recent rapid house price appreciation and Rising mortgage rates will lead to Growing affordable ability constraints dragging on home sales but also likely limiting further price appreciation to a more sustainable Pace"
Pending
The housing market in 2022 is expected to continue with high demand, low inventory, and rising costs.
"new normal is simply a lot of demand low inventory Rising costs and a lot more of the same throughout the rest of 2022."
Pending
The speaker is selling one of their rental properties.
"I'm going to be listing one of my rental properties on the market for sale"
Pending
The speaker plans to sell a rental property and reinvest the proceeds in Las Vegas.
"I believe that selling would be a reasonable move and then I could move that money over to Las Vegas and maybe buy something locally"
Pending
Mortgage rates are predicted to reach 4.4% by the end of 2022.
"the Mortgage Bankers Association predicts that interest rates will continue to rise ending the year at four point four percent"
Pending
Home prices are predicted to decline by 2.5%.
"they believe that home prices will decline by an average of two and a half percent"
Pending
Rising interest rates will cause homeowners to be hesitant to sell, as they would have to purchase a new home at a higher rate.
"Rising interest rates create a domino effect if you sell your home then you must buy a new one at a higher interest rate than you were probably paying before"
Pending
The housing market is expected to continue with high demand, low inventory, and strained supply chains throughout 2022.
"this year will be returning to a new normal while Supply chains are still continually strained inventory continues to stay low and demand continues to stay high"
Pending
Rising home prices and mortgage rates will eventually lead to affordability constraints, slowing down further price appreciation to a more sustainable pace.
"they expect the recent rapid house price appreciation and Rising mortgage rates will lead to Growing affordable ability constraints dragging on home sales but also likely limiting further price appreciation to a more sustainable Pace"
Pending
The housing market in 2022 will be characterized by high demand, low inventory, and rising costs.
"their new normal is simply a lot of demand low inventory Rising costs and a lot more of the same throughout the rest of 2022."
Pending
Rental prices are not expected to decrease anytime soon.
"it doesn't look as though higher rents are going to subside anytime soon"
Pending
Fannie Mae and Freddie Mac have increased their maximum loan size to $1 million in 100 high-cost-of-living cities starting in 2022.
"Fannie Mae and Freddie Mac have increased their loan sizes by 18 percent resulting in a maximum loan size of up to a million dollars throughout a hundred High Cost of Living cities"
Pending
Fannie Mae and Freddie Mac predict continued high inflation and home price growth.
"Fannie Mae and Freddie Mac warned that inflation will remain high and that home price growth will continue"
Pending
Home prices are predicted to increase by another 7.6% in 2022, with buyers facing affordability challenges.
"they also anticipate that home buyers could struggle with affordability challenges and predicts home prices to jump another 7.6 percent this year"
Pending