ilmscore | It Started: The Upcoming Housing Collapse - Round 2

It Started: The Upcoming Housing Collapse - Round 2

Published: 2022-05-06
Status: Available | Analyzed

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Topic
Status
Mortgage rates are predicted to reach 8% in 2025.
"some even think that rates could hit as high as eight percent in 2025"
Mortgage Rates
Pending
There is an 87% probability that the Federal Reserve will increase key interest rates to 2.25% by the end of 2022.
"the CME gives an 87 probability that the FED will increase key interest rates to 2 2 to 2.25 percent by the end of the year"
Federal Reserve Interest Rates
Pending
The pace of Federal Reserve tightening in 2022 is expected to be the sharpest since 1994.
"which would lead to the sharpest pace of fed tightening since 1994"
Federal Reserve Interest Rates
Pending
A $1000 monthly mortgage payment will only afford a $160,000 loan at a 6.5% interest rate, down from $240,000 at 3%.
"if rates increase to six and a half percent that very same one thousand dollars a month only gets you a one hundred and sixty thousand dollar loan"
Interest Rates and Loan Affordability
Pending
Households surveyed by the New York Federal Reserve expect 30-year fixed mortgage rates to reach 6.7% next year (2023) and 8.2% by 2025.
"a survey from the New York Federal Reserve found that most households expect that interest rates on a 30-year fixed rate loan to increase to 6.7 percent next year and reach 8.2 percent by 2025"
Interest Rates
Pending
The National Association of Realtors predicts a 5.5% mortgage rate throughout 2023, suggesting current market prices reflect anticipated rate hikes.
"the National Association of Realtors believes that the market is already priced in all the possible rate hikes and therefore we should expect to see a five and a half percent mortgage throughout 2023."
Mortgage Rates
Pending
74% of industry experts predict housing inventory will return to pre-pandemic levels by 2024.
"74 of Industry experts believe the market will get back to those pre-pandemic inventory Levels by 2 2024"
Housing Inventory
Pending
The number of homes being sold could decrease by as much as 25%.
"the number of homes being sold could drop by as much as 25"
Home Sales
Pending
In states like Texas, appraised property values can increase by up to 10% annually.
"in States like Texas appraised values can increase by as much as 10 percent annually"
Property Tax Increases
Pending
A $300,000 Texas home purchased in 2014 could have an appraised value of $643,000 and annual property taxes of $12,800 by 2022, assuming 10% annual appraisal increases.
"by 2 2022 your same home could have an appraised value of 643 thousand dollars and property taxes would then be twelve thousand eight hundred dollars a year"
Property Tax Burden
Pending
Long-term housing prices are expected to remain high due to a lack of inventory and decades of underbuilding.
"long term a lack of inventory combined with Decades of under building is likely going going to keep housing prices high for quite some time"
Housing Market Outlook
Pending
Recommended real estate investment strategy: hold properties for at least 7-10 years.
"plan to hold every single purchase for at least seven to ten years"
Real Estate Investment Strategy
Pending