Mid-Year 2024 Housing Market Predictions: Where Will We Be by 2025?
Published: 2024-08-09
Status:
Analyzed
Published: 2024-08-09
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
US unemployment rate to rise to mid-fours (e.g., 4.4% - 4.6%) in the near term.
"I do think that even if the FED Cuts rates a lot of things and plans have been in action for a while and that we will see unemployment tick up I don't know if it's specifically going to be up to 5% but probably into the mid fours"
Pending
The Fed will implement two 25 basis point rate cuts (total 50 bps) in 2024.
"my prediction is we're going to get 225 bip rate Cuts how about that one"
Pending
The Fed will implement two rate cuts in 2024, likely one in September and one in November.
"I'm in the in the writer camp today one in September and possibly one uh probably one in November because I think everything the fed's been trying to do which is to slow down the economy over the past couple years has finally happened... I think there's going to be at least two just two I'll just say two"
Pending
The Fed will implement only one rate cut in 2024, occurring in September.
"I'm going to say one I actually think it's going to be one in September and then I think they're going to wait and see what happens... I think the signal that will be sent by one single rate cut will be all we get for 2024"
Pending
30-year fixed mortgage rates will be between 6.5% and 6.7% by the end of 2024.
"I'm right in there with the 6.5 to 6.7% how's that for my prediction"
Pending
30-year fixed mortgage rates will be 6.75% by the end of 2024.
"I'm going to be extremely bold and go outside of their forecast to 6.75"
Pending
30-year fixed mortgage rates will be 6.45% by the end of 2024.
"I'm going to go under and I'm going to say 6.45 because of the uh just the fact that we're going into a rate cutting cycle"
Pending
US home prices will grow by 2.5% from June 2024 to June 2025.
"I'm citing with my girl Ivy zelman at zelman and Associates at 2 point uh what is it 2.2 or 2.3 I'm going to say 2.5% I don't think that they're going to be very high I think we're going to have a fairly flat Market going into the future uh for the next year or two"
Pending
US home prices will grow by 4.8% from June 2024 to June 2025.
"I'm going to go with 4.6% growth all right 4.6% growth I'm going to change that to 4.8 just because I like the sound of those numbers"
Pending
US home prices will grow by 3.2% from June 2024 to June 2025, and experience flattish growth for the next 2-3 years.
"I'm going to split the middle here and talk about I think right about average growth I'll say 3.2% I actually I am a little more tempered by this idea that we're going to see explosive runaway appreciation... I do think we're going to see flattish around the Aver you know around the inflation rate appreciation for the next two or three years is my best guess"
Pending
There will not be a US housing market crash (defined as significant price declines).
"nobody's predicting a home a home price crash or um unless you're a YouTube you know star"
Pending
There will not be a US housing market crash, with stability and a flat market expected.
"no I don't I don't see a housing crash coming... I think uh we're going to see stability in a flat Market"
Pending
While a national US housing market crash is unlikely, certain local markets in the US will experience corrections.
"I tend to agree with both of you but if anyone listen to this is concerned about a crash or even regionally like what a decline would mean in your local market because I do think we are going to see certain areas of the countries at least experience Corrections if not a if not a full-blown crash"
Pending