ilmscore | Election Year Impact on Real Estate: Insights & Trends 🏡📈

Predictions from this Video

Total: 10
Correct: 9
Incorrect: 1
Pending: 0
Prediction
Topic
Status
Home prices are predicted to see strong appreciation in 2024, continuing throughout the year.
"there is a high likelihood that this year we'll see strong appreciation uh that will continue... this means home prices are going up."
Real Estate Appreciation
Correct
Home sales volume is predicted to increase in 2024.
"I would expect fully that this year we're going to see an increase in home sales."
Home Sales Volume
Correct
New construction home prices are predicted to increase by 3-4% at least once per quarter in 2024.
"Builders...coming out of the gates into 2024 very strong uh starting to increase price points I would say every two to three months so at least once a quarter you should see probably about a 3 to 4% price increase in homes."
New Construction Home Prices
Incorrect
Interest rates are predicted to drop through 2024 and into 2025, aligning with FED anticipations and election year trends.
"we're anticipating the same thing now... the FED has as we all know that they've come out and said that they anticipate interest rate drops both through 2024 and into 202 five."
Interest Rates
Correct
The positive real estate market trend (appreciation, sales) is predicted to become more aggressive in Q3 and Q4 of 2024.
"this trend will likely take off and be more aggressive I would say in Q3 and four."
Real Estate Market Trend
Correct
Strong home price appreciation is highly likely throughout 2024, particularly as the election approaches.
"there is a high likelihood that this year we'll see strong appreciation uh that will continue um because it's an election year... we're going to have strong appreciation there there's a very good chance um like almost every single past election year that we're going to have strong appreciation this means home prices are going up and this likely over throughout the course of the Year especially as we get closer to the election"
Real Estate Appreciation
Correct
An increase in home sales volume is expected in 2024.
"homes aren't sitting very long anymore so I would expect fully that this year we're going to see an increase in home sales"
Home Sales Volume
Correct
New construction home prices are predicted to increase by 3-4% at least once per quarter (every 2-3 months) in 2024.
"now they're coming out of the gates into 2024 very strong uh starting to increase price points I would say every two to three months so at least once a quarter you should see probably about a 3 to 4% price increase in homes"
New Construction Home Prices
Correct
The Federal Reserve is anticipated to drop interest rates throughout 2024 and into 2025.
"the FED has as we all know that they've come out and said that they anticipate interest rate drops both through 2024 and into 202 five"
Interest Rates
Correct
The real estate market is predicted to shift towards a seller's market in 2024, characterized by increasing prices and more bidding activity, driven by lower interest rates and other factors.
"all those things combined with lower interest rates um we're pretty much destined to be in a market where we are starting it's going to be more of a sellers market and prices are going to start increasing there's going to be more bidding activity"
Real Estate Market Conditions
Correct