“the chief Economist and founder of Pantheon macroeconomics projects that existing home sales will drop roughly 25 percent from the annual pace of 6 billion set in February to four and a half billion by the end of summer”Graham Stephan, relaying another source: House prices — around 25%
Said on Mar 23, 2022, at 4:01 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 pickedSomebody else's forecast — not scored
What was said around it
might Bust or in other words they lowered interest rates to boost and maintain growth of which they were not seeing in a rising interest rate environment and as you would expect not even six months later median home prices hit another record high while housing inventory hit a record low but now that we're seeing something similar with the Federal Reserve raising interest rates back to where we saw in 2018. could that lead to another housing market slowdown with prices expected to fall well the chief Economist and founder of Pantheon macroeconomics projects that existing home sales will drop roughly 25 percent from the annual pace of 6 billion set in February to four and a half billion by the end of summer on top of that he says that the housing market is in the early stages of the substantial downshift in activity which will trigger a steep decline in the rate of increase of home prices starting perhaps as soon as the spring part of this is backed by the recent drop of mortgage demand which slowed to its lowest point since 2019 with demand for refinancing having dropped nearly 50 percent from a year ago signaling that higher interest rates are putting more pressure on buyers and as a result
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