Graham Stephan, relaying Wells Fargo: House prices — around 2.5%

Said on Dec 27, 2023, at 8:11 in the video.

What was said
Graham Stephan

@grahamstephan

“Wells Fargo went on record to say that home prices will continue to appreciate Rising 2 and a half% in 2024 and 4.4% in 2025”
Watch at 8:11How The Housing Crash Will Happen
PredictionHouse prices— around 2.5%by Dec 31, 2024
What happened
Relayed

Attributed to Wells Fargo — not scored

The window it was checked over

This series is not charted here until its publisher's terms for reusing it are confirmed. Each verdict still cites the figures it was judged on.

S&P Cotality Case-Shiller U.S. National Home Price Index: S&P Dow Jones Indices via FRED

Result at every window

All windows are shown, so none is picked

Attributed to Wells Fargo — not scored

What was said around it

market might continue going even higher and what you could do to best protect yourself let's start with the most basic and that would be falling interest rates as of the other week Jerome Powell indicated that we're likely to see three rate Cuts throughout 2023 of 25 basis Points each which would take us to a federal funds rate to 4 1/2% and eventual mortgage rates between 5 1/2 to 6 1/2% this suggests that with affordability improving more buyers could be pushed into the housing market and cause prices to go up even further in fact Wells Fargo went on record to say that home prices will continue to appreciate Rising 2 and a half% in 2024 and 4.4% in 2025 Zillow also thinks that home prices will increase by 65% by July of 2024 and Goldman Sachs agrees predicting that home prices won't decline from here on out second more sellers in 2024 look the fact is 60% of homeowners have a rate locked in below 4% and that means they're not moving unless interest rates come down to a point where there's not a huge disparity between what they're currently paying and what they would be paying after all why give up a 3% mortgage at $2,000 a month when the same mortgage would cost $3,300 at today is

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

See all

Graham StephanHouse priceswill rise

“And that means that home prices in those markets continue going higher.”

Aug 10, 2026 · after 1 year

Pending

Graham Stephana call with no clear direction

“Instead the market is just quietly resetting to a much higher and much more expensive new normal and everyone who's waiting it out to see 2019 prices again is unfortunately probably out of luck”

Jul 22, 2026

Not scored

Graham Stephan, relaying Reuters poll of analysts: House prices — not judged: the rule reads only US national figures

“But, a Reuters poll of analysts expects prices to fall another 4% this year before maybe stabilizing in 2027.”

Jul 15, 2026

Relayed

Graham StephanHouse prices— not judged: the rule reads only US national figures

“the Northeast and Midwest are still hitting record highs, including Hartford, Connecticut, which is up 25% from its 2022 peak. Well, the pandemic boom towns across Texas, Florida, and the Mountain West keep falling.”

Jul 15, 2026 · after 1 year

Not verifiable

Graham Stephan, relaying Reuters poll of analysts: House prices — not judged: the rule reads only US national figures

“a Reuters poll of analysts expects prices to fall another 4% this year before maybe stabilizing in 2027.”

Jul 15, 2026

Relayed

Graham Stephan, relaying Reuters poll of analysts: House prices — not judged: the rule reads only US national figures

“But, a Reuters poll of analysts expects prices to fall another 4% this year before maybe stabilizing in 2027.”

Jul 15, 2026

Relayed