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Discussions tagged with 'Housing Market Forecast'
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Mortgage Rates forecasted to plummet under 3% according to Business Insider Economis
businessinsider.com
"We think we're going to end up with a relatively soggy 2024 when we look back at the end of next year."
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Analyst’s forecast for homebuyers for 2024 is not good. Real Estate media giant ZILLOW NEWS forecasts home prices will keep increasing into 2024 despite skyrocketing Mortgage Rates. ZILLOW estimates a 4.9% increase in home prices from August 2023 to August 2024 due to short housing inventory. There’s a shortage of homes Nationally and many first time homebuyers are getting priced out of the housing market. Many homebuyers are finding it more difficult coming up with the down payment of a home purchase.
- This discussion was modified 1 year, 3 months ago by Sapna Sharma.
biggerpockets.com
Zillow Predicts a 4.9% Rise in Home Prices by Next August—Is That Possible?
Zillow is really bullish on housing, but are they right? How much are they projecting prices to grow? And who's in disagreement?
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Where is the housing market headed? What are your thoughts? I want to hear everyone’s thoughts about the housing market forecast. Are we headed towards a housing crisis worse than the 2008 financial crisis? Take the following into consideration:
1. Rates went from 2.5% in 2019 to today’s 7.5%.
2. Inflation at historic rates.
3. Housing prices up 50% or more since 2018.
4. Economic numbers are lies. The Biden Administration have lied about economy and economic growth. Joe Biden said our economy is doing great and Inflation is only a 4% and unemployment rate is only 3.2%. BIG FAT LIES AFTER LIES.
5. Kamala Harris, the first woman who slept her way to the White House touts Bidenomics is GREAT 👍 and that it WORKS: BULLSHIT 🐎 🐴 🎠 🏇 HORSESHIT 🫏 🐴 🫏 🐴
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The housing market forecast looks gloomy. With the average home prices up 100% since 2019 with rates at 7.5% and inflation at historic highs, homebuyers are perplexed as to buying a house now or later. Besides all the above, homeowners insurance is up as 500% and property taxes are skyrocketing.
Watch the attached video.
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Ever since I remember, Florida was the top favorite preferred state to relocate. Retired Americans moved to Florida to live their final days and die there. Is that still the case?
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Home prices have skyrocketed between 2019 and today in 2024. You don’t have to be a rocket scientist or a genius to know what goes up fast generally comes down. Real Estate have always gone up over time and is considered a very safe investment. However, the safe investment part is that real estate generally goes up over time. Any investment that soars 100% or more over a period of five years will come down to make a correction. Here are the top states where Home Prices will crash in 2024 going into 2025. This is not saying that Home prices will remain low forever. However, due to the fast huge increase in Home prices in such a short time span, you will see a housing correction. It’s brewing now. High mortgage rates and high home prices is yielding high inventory, longer time on the market, price reductions, and sales prices substantially under listed market prices. Here are the top States you can expect Home Prices to CRASH in 2024 into 2025:
5. Washington
4. California
3. Colorado
4. Texas
5. Florida
Please watch the attached informative video clip:
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Will the 2024 housing market crash forecast be worse than the 2008 Financial Crisis and Housing Market Crash Forecast? What goes up comes down right? Why are housing market experts and economists saying the 2024 housing market crash forecast will be worse than the 2008 housing crash? Interest rates have skyrocketed from 2.0% to 7% in twenty four months. The sudden increase in mortgage rates and skyrocketing home prices as well as surging inflation have put a halt in home affordablility among millions of potential home buyers. Unemployment rates have surged and many people are becoming homeless or are in the verge of being homeless. Please take a look at this video.
https://www.youtube.com/watch?v=zY0d-RKtYaQ&ab_channel=Econofin
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