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

Said on Apr 5, 2023, at 2:42 in the video.

What was said
Graham Stephan

@grahamstephan

“suggesting that some areas could actually continue going higher”
Watch at 2:42Don’t Buy A Home In 2023 (Sellers Panicking)
PredictionHouse prices— not judged: the rule reads only US national figuresChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Not verifiable

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

30 days

Not verifiable

90 days

Not verifiable

180 days

Not verifiable

1 year

Not verifiable

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
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-MACRO-LEVEL v4Not verifiable————
90 daysR-MACRO-LEVEL v4Not verifiable————
180 daysR-MACRO-LEVEL v4Not verifiable————
1 yearR-MACRO-LEVEL v4Not verifiable————
3 yearsR-MACRO-LEVEL v4Not verifiable————
5 yearsR-MACRO-LEVEL v4Not verifiable————
Why: 30 days

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

Why: 90 days

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

Why: 180 days

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

Why: 1 year

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

Why: 3 years

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

Why: 5 years

Not verifiable: subject not covered. Reviewed: the call is about a local market, which this rule does not measure.

What was said around it

10 are selling inventory would stay the same and prices would remain neutral but now if eight new listings are coming on the market every month then only five are selling well then you have fewer new listings at the same time that more inventory is building up prompting some sellers to begin reducing the price that's pretty much just what's happening here see even though new listings in March were nearly 30 percent below pre-pandemic levels inventory has increased 59.9 compared to the year prior but that still dramatically lower than what we've seen in the past suggesting that some areas could actually continue going higher as Black Knight research pointed out the entire housing market has pretty much been cut in half right down the middle with the West Coast having seen a 10 drop while the East Coast saw a 10 gain in terms of the specifics home prices fell seven and a half percent in Seattle and dropped 10.3 percent in San Francisco at the same time home prices surged 12 in Miami and jumped 9.3 percent in Orlando why is this happening well as you can see the areas that decline clients just so happened to be almost exactly aligned with the areas that have the highest prices and the

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

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