Housing Market in 2024 – Wharton Professor Susan Wachter's Real Estate Forecast

The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencies (BTC,ETH...)

❤thank you!!

Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies for potential market downturns

Not just interest rates, bidding wars have been going on since 2018 . Asset prices have skyrocketed as a result of Federal Reserve’s 0 rates for well over a decade causing Wall Street hedge funds to scoop up homes during GFC. NEW zoning pushing smaller homes, lots and towers of condos and mostly apartment rentals. Millennials haven’t been able to afford a home for a while

"Solved inflation", I don't think so.

Wrf?!?! If interests go down, prices will go up.

謝謝 🙏🏻😊

NO CRASH! Thanks for the level head, Susan!

Wife and I live in the Austin area. We paid oiur home off two years ago. And now we are waiting for it all to crash so we see our property taxes decrease. Our home appraises at $390k and we just wrote the county a $4900 check for property taxes. What a rip off. We want to see the market tank for the next two + years. Lower our property values and it lowers my property taxes.

The more people buy these overpriced home at high rates the more likely there will be a crash. People will not sustain 3-4K a month housing payments for 30 years. Just ain’t gonna happen. People want a house so badly, they put a minimum down payment, don’t really care about the payment until you get tired of not going on vacation, can’t buy a new car, living pay check to paycheck. And then you cant sell because you owe 95-97% of the value and now you have to pay a realtor to sell your home. This is when people say screw it. Stop paying , then comes the foreclosures. And once the ball starts rolling, gonna be tough to stop it. What I’m seeing in the northeast is insanity. What people are paying for homes and the interest rates they are paying is absolutely insane.

Gloom & Doomers on the march. They are all looking forward to the, "You won't own anything, But you''ll be Happy", syndrome. They buy it cheap & "RENT IT HIGH"...

Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

These are unprecedented times in real estate, we haven’t seen rates and home prices this high in a decade. Rents for sure will go down due to the over supply of multifamily homes that will hit the market soon. Supply of Single family homes is still low and once those rates drop demand will pick up driving up home prices…basic demand-supply economics

Had time to hear her say the consumers have spending resiliency especially when we have history seeing consumer debt out pacing earnings. Does anyone have data on the consumer debt trends during this supposed period of consumer resilience?

‘We have solved the inflation problem”. That is going to be a statement she wants back.

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

Your table is outsized and in the way

Why would you sell your house and then pay more for a house and take a higher interest rate? And realtor commissions are out of control. 6% is insane. If you sell a house for $500,000 you are paying $30,00 in commission. For what?

Inflation is under control if the Govt changes the metrics on how to measure it … which they have done … prices will keep increasing

I love the way Professor Wachter explains this. Her students are fortunate to have her as a teacher!! Hope to see other videos from her!!

its tough to see how prices will fall much. if rates drop then supply of existing homes will increase as people trade up or down . but prices on desirable properties will rise because of lower mortgage rates!

Sellers need to understand theiir house isnt worth 2022 pricing.

Any of these broadcasts are complete garbage. The fact remains that no one knows what’s going to happen. JP Morgan was calling for a depression/recession for the summer of 2023 and that never happened. They called for the complete collapse of the economy when the pandemic hit, and we all saw what that did to the construction industry. You can’t forecast this stuff, that’s what I’ve learned in my 60 years here on earth.

Is this woman crazy? We have not solved inflation! What planet is she living on?

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

Our economic is ruined by these professor! Who believed the manipulated number! You believe the inflation got controlled? How much rent increased vs pre Covid? Can you still buy a vehicle at pre Covid price?

My nephew is gen z he just bought a house in one of the most expensive states to boot 😂 if millennials only start to look at buying a house now they are way too late lol

Nope “ we’ve have solved the inflation problem…” tell that to first time retail homebuyers & see what they would say.

Wrong on inflation todays report shows December inflation climbed and it’s heating back up again

Bad predictions by Biden voters.

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

The greedy flippers need to be reined in somehow.

Real Estate should be hot! Illegals are streaming across the Border with bag of cash. HA HA!

5 years Mortgages has already down to 5.5% from 6.5% and it hasn’t gotten much attention. Maybe it’s cause it happened in Nov/Dec. Now it’s Jan. But Mortgages hasn’t lowered much. 10yr US bond bounced off the lows. Banks not lowering rates further for now. We have not solved inflation.

The average income to housing ratio has never been this bad because of the artificial rates. "Inflation is under control " 😂😂😂 to funny. She sounds like someone that says everything is ok honey but it really isn't.

Boomers ruined the entire country including housing. I inflation reduced my salary back to the 80s when my dad bought his house and my salary was higher then the value of the house at that time. However, today, the house is valued at 5 times my salary. The housing affordability crisis is outrageous and occurred solely under Boomer control because of their blatant greed at the expense of their children.

Prisons are filled with drug offenders, and it is all the former hippie druggie Boomers that kept that going.

Boomers were against Vietnam but okay bombing Iraq for 20 years.

Clothing and style got ugly during the hippie years ushering in sloppy appearances that still persist today.

They take social security and know their children will get a smaller piece.

Their politics is so hateful and nasty that it is leading to dire results.

They gutted manufacturing.

The wealth gap went through the roof.

I could go on. Everything I said is a fact too

the Health and Human Services Dept. should operate the Homeless Shelter industry. And shut down the grifters, scammers, criminal element that keeps the unhoused in the streets. The religious and charity NGOs that are 501(c)3 are the huge problem for the migrant and homeless groups in USA. The unhoused can't afford the cost of rents and the cost of the upkeep of safe housing. There is a safe humane solution for mass shelters in California. US Gov money just goes in the wrong hands! Happy New Year! To lower housing prices is not the solution, it destroys safe neighborhoods, example HUD projects that are crime ridden and population density. No safe personal space when housing is trashed by HUD. Private homeownership is a legal right. It's the American dream to own your home, owner occupied! Thank you!

Solved inflation? Which planet is she living on? No confidence in academia.

Hold on, if your going to say 7% rate caused mkt to freeze, why don't you say Fed ZIRP over heated the housing mkt. I swear, i know more about real estate than freaking professors, but anyways, continue...

How is it that the inflation is now 2.5% but the price of goods are still three or four times more than two years ago when the inflation was 2.5%? That doesn’t make any sense. Inflation, higher or low, everything is a lot more expensive, including housing. Fewer and fewer people can afford to be homeowners. Let’s have more wars, that’ll help!

Hello and thank you for informing us.!!!!! I what the hell are w talking about?!!!!

Inflation has come down 🤣🤣🤣

Professor. 😂😂

What world is inflation under control? People are suffering left and right.

WHY are interest rates so high???
Why do we have such horrible inflation?

If inflation went to zero tomorrow, all this means is that prices have stopped going up. It in no way means that prices are coming down to pre-pandemic levels. SFR prices in my area are up over 60% since 2019, home buyers in my area need a decline in prices to pre-pandemic levels to afford ownership. The only way prices come down is if there is a recession. The monthly base cost of SFR ownership over the past 4 years has more than doubled. The monthly base cost for a nice $350k pre-pandemic SFR was around $2,000 (mortgage, mortgage insurance, property insurance and property taxes) , today it is around $5,200 for the same home! Seriously, without a huge reduction in the cost of homes, how can the average individual or family afford a home today? Of course if prices do drop to pre-pandemic levels, this means that the US is in a deep, hard recession.

Once interest rates go down, prices will sky rocket!

Inflation solved? Are you living under a rock lady

housing prices don't go down with lower rates, they rise with lower rates. Don't need to be a wharton prof to know that.