ilmscore | When The Housing Crash Will Happen

When The Housing Crash Will Happen

Published: 2024-03-06
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
A 30-year mortgage rate of 5.5% is predicted to be a key threshold for stimulating home buying activity.
"the 30-year mortgage rate falling to 55% is the magic mortgage rate that would be enough to push home buyers to purchase homes"
Mortgage Rates
Pending
Morgan Stanley forecasts a 3% decrease in home prices by the end of 2024.
"Morgan Stanley ... believing that home prices will actually fall 3% by the end of 2024"
Home Prices
Pending
In an extreme worst-case scenario, housing prices could fall by 8% due to elevated mortgage rates, a recession, and softening demand.
"in the absolute worst case scenario they think that housing prices Could Fall by as much as 8% if absolutely everything goes wrong for this to happen morgage rates would need to remain elevated the economy slips into a recession and demand for housing continues to soften"
Home Prices
Pending
A 5% increase in housing prices is forecast for 2024.
"they're forecasting a 5% increase in housing prices in 2024"
Home Prices
Pending
The average 30-year mortgage rate is predicted to fall to 6% by the end of 2024 and 5.75% by the end of 2025.
"we look for the average 30-year mortgage rate to fall to 6% by the end of 2024 and 5.75% by the end of 2025"
Mortgage Rates
Pending
A 1% drop in mortgage rates is projected to increase the number of households qualifying for homeownership by 5 million.
"for every 1% drop in mortgage rates there are 5 million more households that qualify for home ownership"
Home Prices
Pending
To close the current 7.2 million home gap, single-family home construction would need to triple, taking 4-5 years to meet demand.
"to close the existing 7.2 million home Gap the rate of single family home construction would need to triple and it would still take 4 to 5 years to meet demand"
Home Construction
Pending
It is estimated to take 7-10 years to break even between renting and buying a home, considering current rent and purchase costs.
"it'll take about 7 to 10 years to break even between the two"
Home Prices
Pending