ilmscore | How The Housing Crash Will Happen

How The Housing Crash Will Happen

Published: 2023-12-27
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Wells Fargo predicts home prices will increase by 2.5% in 2024 and 4.4% in 2025.
"Wells Fargo went on record to say that home prices will continue to appreciate Rising 2 and a half% in 2024 and 4.4% in 2025"
Housing Market Prices
Pending
Zillow predicts home prices will increase by 65% by July 2024.
"Zillow also thinks that home prices will increase by 65% by July of 2024"
Housing Market Prices
Pending
Goldman Sachs predicts home prices will not decline going forward.
"Goldman Sachs agrees predicting that home prices won't decline from here on out"
Housing Market Prices
Pending
Jerome Powell indicated three 25 basis point rate cuts in 2023, bringing the federal funds rate to 4.5% and mortgage rates to 5.5%-6.5%.
"Jerome Powell indicated that we're likely to see three rate Cuts throughout 2023 of 25 basis Points each which would take us to a federal funds rate to 4 1/2% and eventual mortgage rates between 5 1/2 to 6 1/2%"
Interest Rates
Pending
A 30-year fixed rate mortgage falling to 5.5% is expected to motivate more home buyers.
"research shows that the 30-year fixed rate mortgage falling to 5.5% is the magic mortgage rate that would be enough to push more home buyers to purchase homes"
Interest Rates
Pending
Jerome Powell predicts a soft economic landing in 2024.
"Jerome Powell the economy is gearing up for a soft Landing in 2024"
Housing Market
Pending
Housing values have historically shown consistent upward trends, with only one decline in the last 50 years (2010).
"housing values have only seen one decline in the last 50 years with that being in 2010 even over the last 100 years housing prices have steadily increased"
Housing Market
Pending
A crash similar to 2008/2009 is unlikely, but a slowdown in growth over the next 10 years is possible.
"I highly doubt that we would see a crash like 2009 or 2008 since those were highly concentrated in the real estate markets but I also wouldn't be surprised if we just see a Slowdown and growth over these next 10 years"
Housing Market
Pending