“now on the other hand redin believes that median prices will see a drop of 1% in 2024 Zillow thinks we'll see a drop of0 2% Morgan Stanley anticipates a price drop of 3% and JP Morgan believes that affordability could be resolved by the time 2027 comes around”Graham Stephan, relaying another source: Median house price will fall
Said on Jan 3, 2024, at 9:51 in the video.
The window it was checked over
Median sales price of houses sold: U.S. Census Bureau and HUD via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.
Result at every window
All windows are shown, so none is pickedSomebody else's forecast — not scored
What was said around it
going to be going higher especially since real estate is highly localized but because larger metros are facing some affordability issues areas like Miami San Diego Los Angeles Las Vegas Tampa Nashville Austin are in the locations likely to see a marginal price decline While others like Indianapolis New Orleans Chicago Pittsburg Detroit and Louisville yeah I said that one correctly because I learned the hard way when I visited could see prices increase as high as 5% now on the other hand redin believes that median prices will see a drop of 1% in 2024 Zillow thinks we'll see a drop of0 2% Morgan Stanley anticipates a price drop of 3% and JP Morgan believes that affordability could be resolved by the time 2027 comes around now in terms of what I'm doing though I'll be honest I have been completely blown away by the strength of the housing market and how resilient it's been like I said back in January of 2022 that I wanted to get back into the real estate market by buying where I live in Las Vegas through some commercial real estate so I looked and looked and waited and I looked again and I tried to find a deal that made sense to buy and it waiting and uh here I am I'm still waiting now
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
More on Median house price
Graham Stephan, relaying another source: Median house price — around $394,000
“it's expected that overall the median home price in the US will grow modestly rising to $394,000 for 2024 a 1 a. half% increase over 20123”
Jan 3, 2024
Coin BureauMedian house pricewill fall
“the median price of newly built homes in the united states recently fell off a cliff and by a cliff i mean more than 10 this downward trend is more than likely to continue”
Aug 13, 2022 · after 1 year
Andrei JikhMedian house pricewill rise
“I think the median home price will go up by 7 to 10% I think the median home price will go from $446,000 that it's at right now up to $446,000 to4 $58,000 on the high end”
Jan 3, 2022 · after 1 year
Andrei Jikha call with no clear direction
“i don't think the national median will become 10 million dollars but i can totally see how major cities in the us are going to become so out of reach that the average person will never be able to afford it”
Sep 13, 2021