ilmscore | Why It's Nearly Impossible To Buy A Home

Why It's Nearly Impossible To Buy A Home

Published: 2024-02-19
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Housing inventory is expected to increase slightly in 2024 but will take years to fully recover.
"inventory is expected to rise a little bit in 2024 but it's expected to take years for inventory to fully start to increase"
Housing Market Supply
Pending
If interest rates are cut while the economy remains strong, housing demand is likely to increase significantly.
"if interest rates get cut at a time that the economy is still strong that could create even higher demand for the housing market"
Interest Rates and Housing Demand
Pending
A significant increase in housing supply is not expected in 2024.
"in 2024 don't expect a huge shock on the supply side of homes"
Housing Market Supply
Pending
A further economic downturn could lead to increased foreclosures, potentially boosting housing supply.
"if the economy starts to go down even more that could create more foreclosure issues which could help the supply side"
Foreclosures
Pending
Housing demand is likely to persist until there's a notable increase in unemployment or a significant economic slowdown.
"until we see a jump in unemployment and until we see a big slowdown in the economy well that demand is still probably going to be there"
Housing Market Demand
Pending