REDFIN: The Housing Market Has Hit Rock Bottom
Published: 2024-05-27
Status:
Available
|
Analyzed
Published: 2024-05-27
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The US housing market is predicted to improve after hitting rock bottom in early 2024.
"the housing market already hit rock bottom in the early part of 2024 and now it's going to get better from here on"
Pending
The housing market hit rock bottom in Q1 2024 and is expected to perform better for the remainder of the year.
"we hit rock bottom in the first quarter of 2024 and I would expect the housing market to do a little bit better through the rest of the year"
Pending
Rental prices are expected to fall in many US cities.
"rental prices are falling in many cities Across America"
Pending
A cooling off in rental prices is observed, particularly in markets with luxury rental apartment buildings.
"we are seeing cooling off in rental prices yeah especially in markets where there's luxury rental apartment buildings that's where you're seeing some of the softness"
Pending
The housing market is predicted to improve in the second half of the year.
"the housing market is going to improve over the next half of the year"
Pending
There is hope for further declines in mortgage rates during 2024.
"he's also very hopeful that mortgage rates are going to fall even further in 2024"
Pending
Home prices are expected to continue booming in the Midwest, specifically in states like Michigan.
"home prices are still booming in the midwest in States like Michigan"
Pending
Rental prices are falling in many major cities that experienced a boom after the pandemic.
"in many of those cities you're seeing rental prices fall"
Pending
Home prices are expected to fall in some areas, which will benefit buyers.
"and you're also seeing home prices fall which is good if you're a buyer in the area"
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The next 10-15 years of the economy are predicted to differ significantly from the past 15 years.
"the next 10 years or 15 years of the economy might not be like the last 15 years"
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The CEO of Redfin predicts the housing market hit bottom in early 2024 and will improve thereafter.
"the housing market already hit rock bottom in the early part of 2024 and now it's going to get better from here on"
Pending
The housing market is expected to perform better in the remainder of 2024.
"I would expect the housing market to do a little bit better through the rest of the year"
Pending
Rental prices are declining in numerous US cities.
"rental prices are falling in many cities Across America"
Pending
Softness in rental prices is particularly noticeable in markets with luxury rental apartment buildings.
"especially in markets where there's luxury rental apartment buildings that's where you're seeing some of the softness"
Pending
The housing market is projected to improve in the latter half of the year.
"hly we think the housing market is going to improve over the next half of the year"
Pending
There is optimism that mortgage rates will continue to decrease in 2024.
"he's also very hopeful that mortgage rates are going to fall even further in 2024"
Pending
Softening inflation is expected to provide the Federal Reserve with a basis to implement further interest rate cuts.
"this is going to give the Federal Reserve Bank which is the Central Bank of the United States fuel to cut interest rates even more"
Pending
Home prices are experiencing significant growth in the Midwest, specifically in states like Michigan.
"home prices are still booming in the midwest in States like Michigan"
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Rental prices are also increasing in the Midwest.
"even rental prices up in the midwest"
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Rental prices are decreasing in many large cities.
"in many of those cities you're seeing rental prices fall"
Pending
Home prices are also declining in many large cities.
"you're also seeing home prices fall"
Pending
The economic landscape over the next 10-15 years is predicted to differ significantly from the past 15 years.
"the next 10 years or 15 years of the economy might not be like the last 15 years"
Pending