Zillow’s 2024 Home Forecast
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- Опубліковано 8 чер 2024
- Zillow link: www.zillow.com/research/2024-...
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0:00 Article
0:15 Predictions aren't truth
0:39 More homes for sale
2:07 Article
2:51 Pick a helpful team
3:22 Slightly lower payments
4:46 Most will still be priced out
5:53 More demand for homes that need work
7:04 What can you control?
- DISCLAIMER -
Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Allied First Bank (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Allied First Bank is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.
TLDR: It's important to make decisions based on your own budget and goals, rather than solely relying on market predictions.
00:00 💡 Zillow predicts more homes for sale and better affordability, but remember predictions are just guesses, so make decisions based on your own budget and goals.
00:39 🏡 Zillow predicts more homes for sale and higher mortgage rates in 2024, potentially leading to a decrease in the supply of homes on the market.
02:09 🏡 Zillow predicts more homeowners will sell their homes and move to new ones due to rising mortgage rates and changing preferences.
02:56 💰 Zillow forecasts lower mortgage payments due to leveling home prices and expected interest rate decrease, with the average home buyer spending over 40% of their income on a mortgage payment in October.
03:57 🏡 Home prices are expected to slow down, making it easier for people to save for a down payment, but it will still be difficult for first-time home buyers in 2024.
05:20 🏡 Low inventory will lead to more demand for homes needing renovation, making it harder for people to purchase a home.
07:05 🏡 Focus on what you can control in the housing market, solidify your reasons for buying a house to make more informed decisions.
08:18 🏡 Focus on clarifying numbers, solidifying your why, gaining control of credit and budget, and paying attention to how interest rates and home prices impact you emotionally to be ready to purchase a home in the future.
Just had to stop by after a hiatus from your content and say THANK YOU. I closed on my house in May and it’s thanks to people like you sharing free information!! I appreciate you and hope all is well, friend. ❤
That's wonderful, congratulations on your new home! I'm so happy my content was helpful in your homebuying journey.
I really love this guy!!!Simple, direct and knowledgeable ❤😄
"Paint everything gray and sell for a profit " i see so so many of these houses. Its quite sickening.
Not to mention the low quality flooring that's already starting to bubble up 🙊
You’re just mad it ain’t you
Cheap cabinets and they never put in a fridge . cheap quick cheap flip and run
Every time I scroll through Zillow and see this exact situation, I want to throw my phone into the garbage
I'm closing mid-February so I'm hoping Zillow is wrong on a few predictions here 😆
If you've already got one under contract you should be good to go :)
Just saw you on Kristina's channel. Well done!!
Thank you!
I think increased supply because so many houses are being built. There are new builds absolutely everywhere around me. I saw one company with 10 new neighborhoods on Zillow!
If someone decides to sell and buys something else, it doesn't increase supply. It's a zero sum game.
Absolutely. It effectively would open up more options for homes, but wouldn't limit relative demand.
I don’t see a major crash happening. Prices will lower with an economic downturn, investors and short term rentals will start to liquidate. With it demand will match somewhat. But who really knows.
Im waiting on my retired parents to sell their home and get their equity out of it then they will rent for a bit. I will be looking for a new home with my parents in end of 24 or early 2025 if home prices go down. In southern CA, nothing below 1 mill with 1 acre so just waiting lol
the mid century modern I want is still over priced so why trade a 3.25 and low low property taxes for 6.5% and property taxes going up 2-3 times
Makes sense!
🤔🤔 This is interesting.
Thanks for watching!
I want to buy cause I want to homestead. I want chickens other animals and garden
As a company that lost millions and had to all but shut down a branch of its business because of its bad predictions, I wouldn't put too much stock into zillow's "forecast"
That's fair :)
Zillow clickbaiting to drive up their revenue
I need a phone number, just purchased your calculator, and it does not show up from the email link
Please check your spam/promotions folder. If not there email me kyle@winthehouseyoulove.com
@@WinTheHouseYouLove Thank you