It’s Over: The Housing Bubble Just Popped
Published: 2022-04-13
Status:
Available
|
Analyzed
Published: 2022-04-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
If Bitcoin sees another 12,800% return in the next 8 years, it could reach $5,376,000 by 2030.
"even in the last eight years seeing another twelve thousand to eight hundred percent return would Place Bitcoin at five million three hundred and seventy six thousand dollars by 2030."
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More Millennials own cryptocurrency than stocks, with 28% planning to use it for retirement support.
"more Millennials own cryptocurrency than stocks and 28 say that they're planning to rely on their cryptocurrencies to support them in retirement"
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All three generations (Millennials, Gen Z, Baby Boomers) expect cryptocurrency to yield the greatest returns over the next decade, followed by stocks.
"when asked which asset they expect to yield the greatest returns over the next decade all three generations said cryptocurrency followed by stocks"
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A 5% allocation to Bitcoin has increased the cumulative return of a traditional portfolio by 65% since 2014.
"Fidelity found that just a five percent allocation to bitcoin has boosted the cumulative return of a traditional portfolio by 65 percent since 2014."
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As cryptocurrency prices increase, they are expected to become more stable, less volatile, and grow at a slower rate.
"the higher the price grows the more stable and less volatile it'll become and the slower it'll increase in price"
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Housing prices are predicted to rise by 4.8% (MBA), 6% (CoreLogic), and 2.9% (realtor.com) in 2022.
"The Mortgage Bankers Association predicts a 4.8 percent increase throughout 2022. Core logic expects a six percent increase in realtor.com predicts a 2.9 increase."
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Housing prices are expected to remain robust for the next few years due to limited inventory.
"at least for the next few years I could see housing prices remaining fairly robust as long as there's limited inventory on the market"
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The Mortgage Bankers Association predicts a 4.8% increase in housing prices throughout 2022.
"the Mortgage Bankers Association predicts a 4.8 percent increase throughout 2022."
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CoreLogic expects a 6% increase in housing prices.
"Core logic expects a six percent increase"
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Realtor.com predicts a 2.9% increase in housing prices.
"realtor.com predicts a 2.9 increase"
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Higher interest rates will negatively impact home values.
"higher interest rates will absolutely have an impact in your home's value"
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Buyers may see a discount in purchase price, but their monthly payments could increase due to higher interest rates.
"for buyers the bad news is that even though you might get a discount in the home's purchase price your monthly payment could go up even more because of higher rates"
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If not selling within 7-10 years, it is advised to be patient with housing purchases.
"as long as you don't intend to sell your house in the next seven to ten years it's probably a good idea to stay patient"
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Rising interest rates are prompting sellers to reconsider their asking prices.
"higher rates are causing sellers to re-evaluate their asking prices"
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Millennials anticipate retiring 3 years sooner than Gen X and 7 years sooner than Baby Boomers.
"Millennials also expect to retire three years sooner than Gen X and seven years sooner than Baby Boomers"
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40% of Millennials and 45% of Gen Z use YouTube for financial education.
"45 of gen Z and 40 of Millennials turn to YouTube for their financial education"
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The Dallas Federal Reserve has warned that the housing market is diverging from fundamental market principles.
"the Dallas Federal Reserve has warned that the housing market has diverged from Market fundamentals"
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Housing prices are starting to decline, a trend not seen since 2008.
"housing prices are beginning to cool down with something we have not seen since 2008 a price drop"
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Mortgage rates are expected to increase significantly.
"the expectation is that they're about to go even higher much much higher [referring to mortgage rates]"
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Redfin suggests that sellers have a limit to their pricing power in the current market.
"Redfin went on record to say it goes to show that there's a limit to sellers power"
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The Dallas Federal Reserve has issued a warning that the housing market has entered a bubble.
"the Dallas Federal Reserve has warned that we have entered a housing bubble"
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The Dallas Federal Reserve warns that the housing market's price increases are detached from fundamentals, driven by a belief in continued growth.
"the Dallas Federal Reserve has warned that the housing market has diverged from Market fundamentals where there is widespread belief that today's robust price increases will continue"
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The housing market from 2020 onwards is exhibiting similar 'rational exuberance' to the 1999-2008 period.
"they found that from 1999 through 2008 the market experience the rational exuberance just like it's showing now from 2020 until who knows how long"
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Despite low interest rates and stimulus, abnormal housing behavior is occurring for the first time since the early 2000s.
"they explain that recent patterns may prove to be a less useful measure of home affordability because low interest rates and stimulus allowed more money to be spent although overall they still did come on record to say that they do see abnormal housing behavior for the first time since the early 2000s"
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Millennials and Gen Z, who constitute the majority of first-time homebuyers, will maintain strong market demand.
"Millennials in gen Z are going to keep the market strong they reported that most first-time home buyers are under the age of 40 which means the buyer pull is deep and demand will likely remain elevated"
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Housing inventory has been in a consistent decline since the early 1990s.
"housing inventory has been on a steady decline since the early 1990s"
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The supply-demand imbalance, due to underbuilding for over a decade, is the main driver of rapid home price escalation and will take years to resolve.
"Supply demand imbalance is the primary reason home prices have escalated so rapidly and after not building nearly enough homes for over a decade it'll take home builders several more years at least to add more supply to the market"
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With high credit scores, tightened lending standards, and record homeowner equity, the risk of foreclosure or underwater loans is slim.
"more than 76 percent of mortgages go to buyers with a credit score exceeding 760. lending standards have increased in homeowner Equity is at a record high this means that the chance of a foreclosure or an underwater loan is relatively slim"
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A declining economy, driven by rising interest rates impacting consumer spending and increasing recession likelihood, could affect the housing market.
"a declining economy could affect the housing market they mentioned that Rising interest rates could put a damper on consumer spending which increases the likelihood of a recession"
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The ongoing Russia-Ukraine crisis and its impact on energy and commodity prices could affect consumer confidence.
"energy and commodity prices from from the ongoing crisis with Russia Ukraine could also have an impact on consumer confidence"
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Most predictions suggest housing prices will continue to rise, but at a slower pace.
"most predictions indicate that housing prices will continue to rise but at a slower pace"
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Inflation might be higher than projected housing price increases, potentially leading to a net decline.
"inflation could very well be higher than those numbers so we might actually see a net decline"
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The primary factors influencing housing prices will be the speed of interest rate hikes, inventory levels, and buyer demand.
"the biggest deterrent for housing prices is simply going to be how quickly are interest rates going up how much inventory is on the market and how many other people want to buy the exact same home that I do"
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The current real estate market conditions are unsustainable in the long term.
"this type of real estate market cannot keep going forever"
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