The Housing Market Will Never Be The Same
Published: 2024-03-15
Status:
Available
|
Analyzed
Published: 2024-03-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Home prices are expected to have negligible growth, with some neighborhoods potentially seeing price drops in 2024.
"in 2024 the price growth is really expected to be pretty negligent maybe a couple percent of price growth in 2024 some neighborhoods are expected to actually drop in price but in general it's kind of expected to stay the same so home prices might not grow that much in 2024"
Pending
Mortgage rates are expected to remain around 7% in 2024, with a potential drop later in the year, though the timing is uncertain.
"and mortgage rates are kind of expected to stay around that 7% maybe the drop later in the year but we really don't know right now they're still at the 7% number"
Pending
Home prices are expected to remain similar in two years, but individuals who focus on financial improvements like promotions, debt payoff, and savings will be in a better position to afford them.
"home prices may not be much different two years from now than they are today but your financial position is a whole lot better"
Pending
Household incomes are estimated to grow from $76,000 to $80,000 in 2024.
"now the hope is that maybe household incomes will grow from $76,000 to an estimated $80,000"
Pending
Home price growth in 2024 is predicted to be negligible, with some neighborhoods possibly seeing price drops, while the overall market is expected to remain stable.
"in 2024 the price growth is really expected to be pretty negligent maybe a couple percent of price growth in 2024 some neighborhoods are expected to actually drop in price but in general it's kind of expected to stay the same"
Pending
Mortgage rates are expected to remain around 7% in 2024, with a potential for a drop later in the year, although this is uncertain.
"mortgage rates are kind of expected to stay around that 7% maybe the drop later in the year but we really don't know right now they're still at the 7% number"
Pending
The Federal Reserve plans and hopes to start cutting interest rates in 2024, but the exact timing is unknown.
"the Federal Reserve Bank has said that they're still planning and hoping to start cutting interest rates in 2024 but we really don't know when that will happen"
Pending
A slowdown in the economy, leading to increased unemployment and layoffs, would be viewed favorably by the Federal Reserve as it would give them the ability to cut interest rates.
"this is why the Federal Bank is kind of waiting and hoping to see what's going to happen in the economy because if we start to see more of a Slowdown in the economy if we start to see more unemployment if we start to see more layoffs that's good in the Federal Reserve bank's eyes because that gives them the ability to stimulate the economy by cutting interest rates"
Pending
Household incomes are estimated to grow from $76,000 to $80,000 in 2024.
"the hope is that maybe household incomes will grow from $76,000 to an estimated $80,000"
Pending
The Federal Reserve expects unemployment to rise in 2024 to justify cutting interest rates, as cutting them immediately could worsen inflation.
"because if the FED were to start cutting interest rates today the inflation problem would get worse next month and this is where the Federal Reserve Bank is trying to juggle this and that's why they keep saying that they're expecting unemployment to rise in 2024"
Pending
The Federal Reserve Bank plans and hopes to begin cutting interest rates in 2024, but the timing is uncertain.
"the Federal Reserve Bank has said that they're still planning and hoping to start cutting interest rates in 2024 but we really don't know when that will happen"
Pending
A decrease in mortgage rates to 3-5% would likely re-engage sidelined buyers, leading to increased offers on homes.
"if mortgage rates go down to let's just say three or four or 5% what else is going to happen you have all these buyers who want to buy a home that is sitting on the sidelines that are going to say Oh you mean that it's going to cost me less money every month to own the half a million dollar home let me go and call up my realtor to see if we can make an offer as well"
Pending
If mortgage rates fall, it could reignite bidding wars, with offers potentially exceeding asking prices by six figures, similar to a few years prior when rates were low.
"maybe let's bid $530,000 or $550,000 or $580,000 or $610,000 because if you remember a couple of years ago in morgage rates were low lots of people were bidding six figures over asking price for homes"
Pending
A rise in unemployment is anticipated and will be a key factor for the Federal Reserve to justify lowering interest rates.
"they have to see a change in unemployment to justify these lower interest rates"
Pending
The Federal Reserve is waiting for economic slowdown, increased unemployment, and layoffs, as these conditions would provide them the ability to stimulate the economy by cutting interest rates.
"this is why the Federal Bank is kind of waiting and hoping to see what's going to happen in the economy because if we start to see more of a Slowdown in the economy if we start to see more unemployment if we start to see more layoffs that's good in the Federal Reserve bank's eyes because that gives them the ability to stimulate the economy by cutting interest rates"
Pending
The Federal Reserve expects unemployment to rise in 2024 as part of their economic juggling act.
"this is why the Federal Reserve Bank is trying to juggle this and that's why they keep saying that they're expecting unemployment to rise in 2024"
Pending
Home prices are predicted to remain relatively stable over the next two years, but individuals' financial positions will improve due to increased income, savings, and debt reduction.
"home prices may not be much different two years from now than they are today but your financial position is a whole lot better"
Pending
Home price growth in 2024 is expected to be minimal, with some areas potentially seeing price drops, but overall prices are predicted to remain largely unchanged.
"the price growth is really expected to be pretty negligent maybe a couple percent of price growth in 2024 some neighborhoods are expected to actually drop in price but in general it's kind of expected to stay the same"
Pending
Mortgage rates are expected to remain around 7% in 2024, with a possibility of a drop later in the year, though this is uncertain.
"mortgage rates are kind of expected to stay around that 7% maybe the drop later in the year but we really don't know right now they're still at the 7% number"
Pending
Household incomes are projected to increase from an estimated $76,000 to $80,000 in 2024.
"the hope is that maybe household incomes will grow from $76,000 to an estimated $80,000"
Pending
The Federal Reserve plans and hopes to start cutting interest rates in 2024, but the timing remains uncertain.
"the Federal Reserve Bank has said that they're still planning and hoping to start cutting interest rates in 2024 but we really don't know when that will happen"
Pending
A slowdown in the economy, leading to increased unemployment and layoffs, would be viewed positively by the Federal Reserve as it would enable them to stimulate the economy by cutting interest rates.
"this is why the Federal Bank is kind of waiting and hoping to see what's going to happen in the economy because if we start to see more of a Slowdown in the economy if we start to see more unemployment if we start to see more layoffs that's good in the Federal Reserve bank's eyes because that gives them the ability to stimulate the economy by cutting interest rates"
Pending
A rise in unemployment is required to justify the Federal Reserve lowering interest rates.
"they have to see a change in unemployment to justify these lower interest rates"
Pending
Unemployment is predicted to increase in 2024.
"they're expecting unemployment to rise in 2024"
Pending