BREAKING: "Ban Hedge Funds From Owning Homes!"
Published: 2023-12-29
Status:
Available
|
Analyzed
Published: 2023-12-29
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A proposed bill would require hedge funds to sell all their single-family homes within 10 years.
"the bill would then require hedge funds which are corporations Partnerships or Real Estate Investment Trust that manage funds by investors to sell off all of their single family homes over the next 10 years"
Pending
A proposed bill aims to compel hedge funds to divest all single-family homes they own within the next 10 years.
"the bill would then require hedge funds which are corporations Partnerships or Real Estate Investment Trust that manage funds by investors to sell off all of their single family homes over the next 10 years"
Pending
Low home inventory is preventing a price correction in the housing market.
"we haven't seen that breathing room in the housing market yet because we still have such a low inventory of homes"
Pending
Homeowners with low mortgage rates are unlikely to sell due to the high cost of obtaining new mortgages, contributing to low inventory.
"if you are a homeowner and you bought your home for a 2 and a half or a 3% mortgage you don't want to sell because if you sold you got to go and get a seven or seven and a half or 8% mortgage so it's going to cost you a whole lot more so a lot of homeowners are saying you know what I'm just going to sit tight in the home that I have right now and see what happens"
Pending
A bill named the 'End Hedge Fund Control of American Homes Act' has been proposed.
"the end hedge fund control of American homes act"
Pending
Hedge fund home purchases can inflate prices during hot markets but also accelerate price declines during downturns.
"while hedge funds by homes can push home prices upwards when the markets are hot it can also pull home prices downwards even faster when markets are not so hot"
Pending
At its peak, institutional investors were purchasing approximately 2.5% of available homes.
"institutional investors are buying right around 2 and 1/2% of the homes available"
Pending
The Biden administration plans to provide financial assistance to 500,000 Americans for home purchases.
"President Biden and the White House want to give 500,000 Americans money to purchase a home"
Pending
Approximately 30% of homes are currently owned by investors.
"right now at the time I'm recording this video about 30% of homes are owned by investors"
Pending
The Federal Reserve began rapidly increasing interest rates in 2022.
"the Federal Reserve Bank started raising interest rates in 2022 at some of the fastest rates we've seen ever"
Pending
Mortgage rates increased from approximately 2.5% to over 7% within a year.
"we saw mortgage rates shoot up from around 22% to over 7% in just about a year"
Pending
Home prices have risen by more than 40% in recent years.
"home prices shot up by over 40% in just a few years"
Pending
Homeowners with low-interest mortgages (2-3%) are reluctant to sell due to current higher rates (7-8%).
"if you are a homeowner and you bought your home for a 2 and a half or a 3% mortgage you don't want to sell because if you sold you got to go and get a seven or seven and a half or 8% mortgage"
Pending
Home builders must forecast market conditions 12-24 months in advance for new projects.
"Builders have to project out 12 18 24 months when they go out and build a apartment complex or if they build a neighborhood"
Pending
Investment property loans are more expensive, potentially costing 8% to 8.5%.
"if you want to go out and buy an investment property today you're going to have to get an even more expensive mortgage because investment loans come at a premium so now maybe you're paying 8% maybe 8 and 1 1/2% on your investment loan"
Pending
Investors in real estate are increasingly seeking capital sources beyond traditional debt.
"many times the investors that are investing in real estate today are finding alternative sources of capital as opposed to just debt"
Pending
A stock market crash could force hedge funds, leveraged in real estate, to liquidate properties, potentially leading to fire sales.
"lenders for these hedge funds would say we need our money now what's the difficult part about real estate it's not very liquid so now if you start to see your stock values fall and lenders start to call their loans that could force potentially hedge funds to liquidate their properties potentially do fire sales"
Pending
Widespread property liquidation by hedge funds could increase supply and lower home prices.
"if you were to see these fire seals again go back to the demand and Supply that would increase Supply which would pull down home prices"
Pending
The White House plans to provide financial assistance to 500,000 Americans for home purchases.
"President Biden and the White House want to give 500,000 Americans money to purchase a home"
Pending