ilmscore | 2024 Housing Market Update + Why Home Prices Are Still Rising

2024 Housing Market Update + Why Home Prices Are Still Rising

Published: 2024-05-24
Status: Analyzed

Predictions from this Video

Total: 4
Correct: 3
Incorrect: 1
Pending: 0
Prediction
Topic
Status
The current oversupply of multifamily housing units is temporary and the market will normalize within approximately one year from May 2024.
"I personally think this is sort of this temporary glut of supply and things will get back to normal relatively soon in the next year or so"
Multifamily Housing Market
Incorrect
Rent growth in the multifamily sector will remain subdued as long as the current oversupply of units continues to come online.
"while this is happening and all this multif family Supply is coming online rent growth is going to be subdued"
Rent Growth (Multifamily)
Correct
Housing-related expenses (taxes, insurance, repairs) are confidently predicted to continue rising and not slow down significantly in the near future.
"the one thing I do feel quite confident about is that expenses are going up and it's not slowing down that much"
Housing Expenses
Correct
Property taxes are expected to increase significantly over the next few years, catching up with recent home price appreciation.
"a recent data report I was reading suggests that taxes are actually going to go up significantly more in the next few years"
Property Taxes
Correct