“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”Graham Stephan, relaying Zillow: House prices — around 2.1%
Said on Nov 1, 2023, at 8:50 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 Zillow — not scored
What was said around it
worth discussing and that would be housing as of last week mortgage rates have hit the elusive 8% Mark which is a level that we haven't seen since 2000 this means that monthly mortgage payments are now 70% higher today than they were 2 years ago and mortgages were at 3% despite housing prices continuing to go higher this combination has now led to 99% of the United States being unaffordable to the average American who makes $71,000 a year and the price to income ratio is the worst it's 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
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