2025 US Housing Market Predictions: What to Expect
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- Опубліковано 5 лип 2024
- New downgraded housing market forecast! What will happen to home prices in the United States over the next 12 months given 30-year fixed mortgage rates are still averaging over 7% and housing inventory is significantly higher than it was a year ago? Will home prices finally fall to make housing more affordable or will prices continue to rise? In today’s video, I share the latest housing market forecast and real estate market predictions from Corelogic (link below).
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Compilation of Housing Market Forecast videos:
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To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% for the current mortgage rates for people with exceptional credit (at the time of filming this video).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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#Corelogic #housingforecast #housingpredictions - Розваги
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they say haves and haves not are now divided by people who bought house during pandemic and who didn't buy
I think we can all agree that these forecasts are wildly inaccurate and will be repeatedly revised when proven wrong. 😂
The market is certainly hard to predict but they did a good job in their forecast one year ago.
@@JasonWalter1yep I know at least 6 families from work are looking to buy in San Diego this winter. Some of them sold their properties and relocate to San Diego and some are tired of renting for years and save enough money for down payment. Too many demand in the sidelines for me to know.
Corelogic seems to be relatively decent in their forecasts. With the wealth of data Jason is tracking, would love to see a historical forecast accuracy update video. Eg compare who has been more accurate over the last few years… Fannie, corelogic, other experts,
100%.
@@JasonWalter1 I noticed here in San Diego there’s few houses that been in the market for over a year. Instead of cutting the prices they jacked it up. That tells me there’s 2 types of sellers the one need to sell or sellers that aren’t serious and fishing for right buyers. I think most of these houses are inheritance and paid off because if you look at the history they were bought in the 70 and 80’s.
Good Morning, Jason. Happy Saturday.
Morning!
Increased because they manipulated the numbers. The highs in 2023 were lowered so the drop of prices doesn’t show. Instead of new house discount they are giving money back for closing costs, buying down interests and 100K in upgrades. All BS 😂
New home sales make up a small percentage of all sales. Quit grasping at straws renter
@@ErnieBert-eg8kdok builder bot
I think the Corelogic prediction from last June was 4.6%, so they were only off by .3% or an error of 6.5%. So not bad.
Wonder how they feel about appreciation if mortgage rates come down by 1 percent at some point. Could be a fair jump on top of the 3% they already expect🤔
Good morning Jason!!!
Good morning!
I wish I never paid insurance over the past 35 years. I have never made a claim on home nor auto. I live a responsible life, and taught my kids to do the same. I pay for other fools. I hate wasting money.
Yep, same can be said for car insurance. Here in AZ we have the worst drivers in the country and those of us who have never had an accident or speeding ticket are paying for the reckless idiots out there.
Anaheim had an increase of 14%. OC is still a strong market. I don't see any price reduction even if there were a correction. I used to live South OC.
Thank you for sharing! Much of CA is fairing well with many record high prices.
Happy Saturday spreadsheet king!🤴
Same to you!
Mahalo 🤙🏽🤙🏽🤙🏽🤙🏽
Thanks for the home insurance data! Confirms what I am seeing. Any chance you have reports on property tax data. I have e rentals in three cities and can confirm taxes are climbing! Appreciative
Property tax and insurance increases are just a reflection of the rise in home values.
I don’t sorry
@@MavRick69ah. Good point. I guess that is a reason why rents are and have increased also. Good lord. How much more can folks take. Our Nashville property increased by 34% one year. Of course the value is way up as you have mentioned.
I can tell you here in the Midwest the housing market is not affordable. New houses are not affordable and we make decent money for the area. I’m not sure how housing prices can be so high because of the lack of inventory. The inventory is lacking because people can’t afford to move…. Homes that should be $300k are $550k pricing most out of the market.
I watch forecasts when I’ve ran out of comedy skits.
And I thought for sure, we'd be the only state (Cali) that would see these kinds of insurance hikes. 25 states??? Wow.
Jason’s numbers are solid and are unbiased.
Thank you kindly!
A " Strong Market " term comes from people using real estate for income . A " life afflicting setback " term comes from hard working average Citizens waiting years for a opportunity to have a home of their own . That's America , big smiles turning the screw !
1😊
Good morning!
It's Blackrock buying this houses that's why they are so high prices
Prices continue to increase. So buying now and refinancing later may be the move to make.
Buy now if it’s less than 30 percent of your take home pay. Forty percent of gross income isn’t affordable.
@@MavRick69 my brother in law a 1st time home buyer just bought a short sale a move in ready in cibolo. A class A neighborhood where houses around the area at 400k+. He paid 300k and the house appraised at 400k. He’s already up 100k or 25% in equity. His next door neighbor bought their house a month early and paid 385k ouch. A great deal for him bad deal for his neighbor. There’s great deals out there just got to look for it. I thought him and he did the work.
I really dislike this guy more than I like to admit
Crash incoming…. Dominoes starting to fall
“No states posted annual home price declines…” Keep dreaming
A housing crash would absolutely devastate the country financially worse than this current recession..
The Fed knows this , A drastic price correction would be more likely in My opinion.
Wrong again. Try 2035 for your “crash”. Prices cannot decline before 2030! We don’t have enough inventory. Blacks for Trump 2024! 🇺🇸
-Curtis Loew
@@TarmacSkin LOL go look at Florida and Texas inventory. Higher than pre-pandemic. Lowest demand for homes since the mid 1970's, but sure it'll just catch itself and continue upward even though homes are mathematically in a 40% larger bubble than 2007 peak relative to the median income. You must be brand new to economics, a housing crash is guaranteed. The math always catches up to human emotion.
The longer one waits for a crash, the more expensive homes will become. It’s a losers game.