ilmscore | BREAKING: Trump Signs Executive Order To LOWER Home Prices (Major Changes Explained)

Predictions from this Video

Total: 10
Correct: 2
Incorrect: 3
Pending: 5
Unrated: 0
Prediction
Topic
Status
Trump's housing plan could lead to over 4 million new homes entering the market.
"this could result in more than 4 million new homes potentially coming on the market"
Housing Market
Pending
Home prices are predicted to see a modest 8% rise between Feb 2025 and Feb 2026, effectively declining year-over-year after accounting for inflation.
"US home prices will rise just 8% between February 2025 and 26 or basically home prices are going to decline year-over-year when you account for inflation"
Housing Market
Pending
Mortgage rates are decreasing, which is expected to re-engage both buyers and sellers in the housing market.
"mortgages are getting slightly more affordable bringing a surplus of buyers and sellers back into the market"
Housing Market
Pending
Historically, home prices have risen 81% of the time even during recessions (excluding 2008), with a concurrent trend of decreasing interest rates.
"with the exception of 2008 home prices have been shown to continue Rising even during a recession 81% of the time but interest rates usually end up going lower"
Housing Market
Pending
The US has a housing deficit ranging from 2.5 million to 7.2 million homes.
"the US is facing a deficit between 25 million and 7.2 million homes"
Housing Market
Correct
The US faces a significant housing deficit, with estimates ranging from 2.5 million to 7.2 million homes, according to Realtor.com's Chief Economist.
"if we want to tackle the housing problem here's what we're up against according to the realtor.com Chief Economist the US is facing a deficit between 25 million and 7.2 million homes"
Housing Market
Correct
Even a hypothetical 20% reduction in building costs due to deregulation would still leave home prices and monthly payments 50% higher than five years prior.
"even if building costs can come down 20% through eliminating things like Energy Efficiency which would be very ambitious and unlikely to take place in the next year or two even if that did happen home prices and monthly payments are still 50% higher than they were 5 years ago"
Housing Market
Incorrect
Proposed housing market initiatives are expected to take 2-3 years to show any significant impact.
"these proposals are likely going to take 2 to 3 years to actually begin to make a difference"
Housing Market
Pending
To immediately incentivize home sales, the speaker suggests allowing people to port their existing mortgage rates or increasing the capital gains exclusion.
"if you want an immediate incentive it has to be to take your existing loan with you or a larger capital gains exclusion to incentivize people to sell"
Housing Market
Incorrect
The housing market is unlikely to see significant changes in the next few years, except possibly due to a severe economic recession.
"there's not much that I see significantly impacting the housing market over the next few years outside of a severe economic recession"
Housing Market
Incorrect