ilmscore | It Started: Housing Prices Are Collapsing

It Started: Housing Prices Are Collapsing

Published: 2022-12-12
Status: Available | Analyzed

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Topic
Status
Home sales are predicted to reach their lowest point since 2011, with a slow recovery expected in the latter half of the year.
"home sales will fall to their lowest level since 2011 with a slow recovery in the second half of the Year"
Home Sales
Pending
Mortgage rates are predicted to fall and end the year below 6%.
"mortgage rates will decline ending the year below six percent"
Mortgage Rates
Pending
Home prices are expected to decline year-over-year for the first time in a decade, but a widespread foreclosure crisis is not anticipated.
"home prices will post the first year over year decline in a decade but the U.S will avoid a wave of foreclosures"
Home Prices
Pending
Redfin's prediction is for home prices to drop by 5% or remain stagnant over the year.
"Redfin's most likely scenarios that home prices will drop five percent throughout the year or remain completely flat"
Home Price Decline
Pending
The Midwest and Northeast regions are predicted to perform better than other areas as the overall housing market cools.
"Midwest Northeast will hold up the best is the overall Market cools"
Regional Housing Markets
Pending
Rental prices are expected to decrease, and a significant portion of Gen Z and young Millennials may opt to rent long-term.
"rents will fall and many gen zeers and young Millennials will continue renting indefinitely"
Rental Prices
Pending
Home builders are expected to shift their focus towards constructing multi-family rental properties.
"Builders will focus on multi-family rentals"
Home Builder Focus
Pending
Investor activity in the real estate market is projected to hit its lowest point in the spring before beginning to recover.
"investor activity will bottom out in the spring then rebound"
Investor Activity
Pending
A 5% to 10% drop in home prices is considered a plausible outcome.
"home prices did end up dropping between five to ten percent"
Home Price Decline
Pending
Markets that experienced significant price increases are likely to see a decline of 20% to 25%.
"highly euphoric markets saw a drop of 20 to 25 percent"
Highly Euphoric Markets
Pending
The current market conditions are expected to present favorable buying opportunities in the upcoming year.
"this is going to lead to some pretty good buying opportunities throughout the next year"
Buying Opportunities
Pending
The speaker is preparing to purchase commercial office or warehouse space when a good deal becomes available.
"I'm keeping some cash on the sidelines to buy a commercial office or warehouse space whenever a good deal comes up"
Commercial Real Estate
Pending