Graham Stephan, relaying Fannie Mae: House prices — around 1.2%

Said on Jul 7, 2023, at 8:21 in the video.

What was said
Graham Stephan

@grahamstephan

“we also have the mortgage giant Fannie Mae last week they revised their forecast which projects that National home prices will decrease by 1.2 percent in 2023 followed by an additional 2.2 percent decline in 2024.”
Watch at 8:21It Started: The Reverse Housing Crash of 2023
PredictionHouse prices— around 1.2%by Dec 31, 2023
What happened
Relayed

Attributed to Fannie Mae — 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 Fannie Mae — not scored

What was said around it

are relatively in agreement because from what I could tell most of these projections are coming in pretty close to one another for example the manager of the s p k Schiller index believes that we could see a five percent decline peaked trough with two percent still yet to recover which is not too bad Goldman Sachs also seconds this with the expectation of seeing a 2.2 percent decline in 2023 revised downwards or I guess revised upwards from their previous projection of a 6.1 percent drop or we also have the mortgage giant Fannie Mae last week they revised their forecast which projects that National home prices will decrease by 1.2 percent in 2023 followed by an additional 2.2 percent decline in 2024. in fact zillow's taken note of this recent Surge and they have quite a different opinion than Fannie Mae they think that 2023 is going to end the year 5 higher than where it began and this is all because pending home sales are down 15 which means the buyers are snapping up inventory faster than it's being listed of course in terms of where home prices are falling the most median values fell in 24 of the 50 largest U.S metros with the biggest drops being seen in Austin Texas followed by San

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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