The Housing Market Just Took A Shift...
Published: 2025-03-15
Status:
Available
|
Analyzed
Published: 2025-03-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Housing market supply reached 3.7 months in January, the highest in six years.
"there were 3.7 months of for sale Supply on the market in January the most in six years"
Pending
Housing market supply in January was significantly higher than in 2021, when it was less than 1 month.
"that's a lot different than where we were back in 2021 when there was less than 1 month supply of for sale inventory"
Pending
Home price growth has slowed significantly, with prices falling in areas that saw a lot of construction recently.
"this is one of the reasons why home price growth has slowed down significantly and we're even seeing home prices fall in the areas where there was a lot of building over the last few years"
Pending
The median home price in the US was approximately $286,000 in early 2020.
"the median home price in America was selling for around $286,000"
Pending
A 30-year fixed-rate mortgage in early 2020 was around 3.6%.
"you got a 30-year fix trpe mortgage you'd be paying around 3.6 % on your mortgage"
Pending
The median home price in the US is projected to be $446,000 by early 2025.
"the median house in America is selling for $446,000"
Pending
A mortgage rate of 6.5% is expected by early 2025.
"you're probably going to be getting a 6 1/2% mortgage"
Pending
The cost of owning a median US home is projected to increase by approximately 116% from early 2020 to early 2025.
"the cost to actually own that house in this case has gone up by around 116%"
Pending
Median household income in the US is expected to have risen by around 20%.
"the median household income in America is expected to have gone up by around 20%"
Pending
Mortgage applications are increasing as mortgage rates fall.
"as mortgage rates have been coming down what we've also seen is the mortgage applications have been going up"
Pending
The inventory of homes for sale is starting to rise.
"the inventory of homes available for sale starting to rise"
Pending
Home inventory has been steadily increasing over the past few years.
"for the last few years the inventory of homes has been steadily Rising"
Pending
A balanced housing market is defined as having 6 months of inventory.
"a balanced housing market has 6 months of supply of inventory"
Pending
The current housing market has slightly under 4 months of supply.
"right now we have a little bit under 4 months of supply of inventory"
Pending
The upward trend in housing supply is expected to continue into 2025 due to increased selling and new construction.
"the supply trend is going upwards that's what makes it so interesting in 2025 because if more people start to sell their houses in 2025 more houses get fully constructed in 2025 we could continue to see more Supply"
Pending
Increasing recession fears could lead to a decrease in demand for buying houses.
"if recession fears start to get more serious in the coming days weeks and months well that could decrease the demand to buy a house"
Pending
President Trump is reportedly considering eliminating income tax.
"president Trump is now considering getting rid of the income tax"
Pending
The Fair Tax Act of 2025, a proposed bill, aims to abolish the IRS.
"the fair tax act of 2025 was a bill proposed which would effectively abolish the IRS"
Pending