“in addition to that Morgan Stanley revised their forecast and they now believe that home prices could rise another 5% year-over-year”Graham Stephan, relaying Morgan Stanley: House prices will rise to 5%
Said on Nov 1, 2023, at 9:20 in the video.
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 pickedAttributed to Morgan Stanley — not scored
What was said around it
been since 1984 in terms of where this might go over the next year Zillow just released their updated forecast and in it they believe that that home prices will see another 2.1% increase through September of 2024 their reasoning is that the higher interest rates go the less likely people are to sell their homes since the majority of homeowners are locked in with rates under 4% this suggests that we'll continue to see very little inventory and from what does come on the market there's still enough buyer demand to keep the price high in addition to that Morgan Stanley revised their forecast and they now believe that home prices could rise another 5% year-over-year given how many sell are reluctant to give up their existing mortgage a managing director of Goldman Sachs also went on record to say that absent any negative shocks to the broader economy that would either boost excess supply of homes in the market or fuel an uptick and unemployment we continue to expect home prices to rise at a slow pace with his estimate that we'll see a 3 and half% increase by the end of 2024 however if you do need to move it does seem as though home builders are the ones offering the biggest incentives for example
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