Graham Stephan, relaying Zillow: House prices — around 2.1%

Said on Nov 1, 2023, at 8:50 in the video.

What was said
Graham Stephan

@grahamstephan

“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”
Watch at 8:50BREAKING: The FED Pauses Rates, Housing Declines, Recession Cancelled
PredictionHouse prices— around 2.1%
What happened
Relayed

Attributed to Zillow — 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 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

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

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