🏡The housing market is predicted to climb another 7% in 2024.
💼Factors such as a credit downgrade and wealth transfer may affect the market.
📈Zillow predicts that 48 housing markets will see an increase of 7% or greater over the next year.
📉Some analysts forecast a decline in home prices.
💰Understanding real and nominal prices and inflation is crucial to evaluating the true value of the market.
Will the housing market crash?
—Experts have differing opinions, but some predict a decline in home prices.
What factors may affect the housing market?
—A credit downgrade, wealth transfer, and low inventory are factors that may influence the market.
Which housing markets are expected to see the largest increases?
—Zillow predicts that 48 housing markets will see an increase of 7% or greater over the next year.
How can I evaluate the true value of the housing market?
—Understanding real and nominal prices and accounting for inflation is important in assessing the market's value.
Is now a good time to buy a home?
—It depends on various factors, including your financial situation and the specific market you are in.
00:00The housing market is predicted to climb another 7% in 2024.
02:42Factors such as a credit downgrade and wealth transfer may affect the market.
04:35Zillow predicts that 48 housing markets will see an increase of 7% or greater over the next year.
08:40Some analysts forecast a decline in home prices.
09:59Understanding real and nominal prices and accounting for inflation is crucial in assessing the market's value.
