The Great Housing Market Shift Has Begun
Published: 2024-10-19
Status:
Available
|
Analyzed
Published: 2024-10-19
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Goldman Sachs predicts home prices will not rally in 2025 due to lower mortgage rates.
"Goldman Sachs put out a report on their website where they're not predicting that home prices are going to Rally in 2025 again why because of lower mortgage rates"
Pending
In the UK, housing prices rose at their fastest rate since the pandemic in September, following earlier interest rate cuts.
"in the United Kingdom they began cutting interest rates a little bit before us and what we saw happen in the United Kingdom is that housing prices in September shot up at the fastest rate that they have seen since the end of the pandemic"
Pending
US single-family home building is surging, indicating increased confidence among builders.
"US single family home building surges"
Pending
Federal Reserve Chairman Jerome Powell anticipates smaller future interest rate cuts and is not concerned about home prices worsening inflation.
"Jerome Powell who's a chairman of the Federal Reserve Bank has said that he's anticipating smaller interest rate Cuts in the future but he's also talked about how he's not worried about home prices becoming an issue on inflation anymore"
Pending
Housing services inflation is expected to continue declining due to sluggish rent growth for new tenants and broader economic conditions conducive to disinflation.
"Housing Services inflation continues to decline but sluggishly the growth rate in rents charged to new tenants remains low and as long as that remains the case Housing Services inflation will continue to decline broader economic conditions also set the table for further disinflation"
Pending
Jerome Powell believes that reducing mortgage rates will not exacerbate inflation, as increased demand will be offset by a cooling economy.
"Jerome Powell believes that cutting mortgage rates will not make the inflation problem worse cutting mortgage rates can increase demand but the increase in demand can be balanced out by a cooler economy"
Pending
The global economy has entered a new phase with central banks in the US, Canada, China, and Europe all cutting interest rates.
"we just entered the next phase of the global economy the Federal Reserve Bank is now cutting interest rates Canada is cutting interest rates China is now cutting rates and countries across Europe are also cutting interest rates"
Pending
Goldman Sachs predicts home prices will not rally in 2025 due to lower mortgage rates.
"Goldman Sachs put out a report on their website where they're not predicting that home prices are going to Rally in 2025 again why because of lower mortgage rates"
Pending
Housing prices in the UK rose at their fastest rate since the end of the pandemic in September following interest rate cuts.
"in the United Kingdom they began cutting interest rates a little bit before us and what we saw happen in the United Kingdom is that housing prices in September shot up at the fastest rate that they have seen since the end of the pandemic"
Pending
With mortgage rates at 6%, an individual could potentially afford to borrow up to 22% more for a home compared to 8% mortgage rates, while maintaining the same monthly payment.
"well how much money can you potentially pay at a 6% mortgage you could borrow $612,000 to have the same monthly payment which means you could potentially pay up to 22% more"
Pending
US single-family home building is surging, indicating increased confidence among builders.
"US single family home building surges"
Pending
Multiple major economies, including the US, Canada, China, and European countries, are currently cutting interest rates.
"the Federal Reserve Bank is now cutting interest rates Canada is cutting interest rates China is now cutting rates and countries across Europe are also cutting interest rates"
Pending