What Morgan Stanley Just Said About 2024 Home Prices is a Big Deal (Housing Market Forecast)

#housingmarket #housingcrash #homeprices

Morgan Stanley: 8% Mortgage Rates Will Have Devastating Impact on Home Prices in 2024 Housing Market

*********** Video Breakdown ***********

The 2023 housing market is continuing to descend to it's slowest level ever, new home sales have reached lower today than even during the worst days of the great financial crisis. The only thing keeping a housing crash at bay is lack of inventory.

Well in this video we look at a new note by Morgan Stanley that covers this exact issue, and based on new research they decided to update their price forecast for the 2024 housing market. The results are unbelievable, how fast they say home prices could fall, and how much they could fall when and if inventory increases.

This is not a video you'll want to miss.

*********** Try Snapforce Products (my company) ***********

ABOUT RJ:

In 2012 I built Snapforce CRM, a software as a service application to compete with Salesforce, which was very expensive at the time. Since then, our user base has expanded to over 65,000 users in 12 countries. Our largest customer's are mortgage companies and debt shops, who use our software for their sales process, and to check customer's credit in real time.

With the type of clients we cater to, I decided to launch Snapforce Real Estate Insights last year, a peripheral software as a service product. It integrates directly with the big 3 real estate brokerages, to present their housing data in a digestible way, using our interactive maps and reports.

WE DO NOT OFFER PERSONAL ADVICE

*********** Social Media ***********

*********** My ENTIRE Camera and Recording Equipment ***********

*********** DISCLAIMER ***********

I am NOT a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to make a purchase.

[ChristopherAbelman]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[ywlumaris]

We don’t need investors buying residential homes. That’s part of why we have this mess. I’m getting so sick and tired of investors contacting me multiple times a month to buy my home that I LIVE in and it’s all laughable offers. I’m selling to a family if I sell, not an investor.

[sonikmystique]

I want to be a real estate agent when the market crashes. Not to make a bunch of money but just to feel good about finding homes for people that couldn’t afford it before

[nicolasbenson]

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.

[CliveBirse]

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

[NormanGhali]

I’m closing in on retirement, and I'd love to move from Minnesota to a warmer climate, but home prices are ridiculous now, my stock portfolio is declining and mortgage price skyrocketing on a roll... do I wait for a crash, or diversify my assets into stock

[noahblacklock]

Assuming one follows the basic rule of spending 25% of income on housing, those King County/Seattle stats means an “average” household would need to be making $283k a year to “afford” a home there. Unreal.

[ericsteinhauer]

This is an example how making homes commodities only serves investors temporarily, and fails a working citizenry’s needs

[HarrisRyan-oyeo]

Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?

[avalerionbass]

Been working the last 5 years to change careers, pay off all debt, get a 100k+ salaried job, a 790 credit score, and the higher I go, the further into the stratosphere fucking housing costs go. I just turned 40, I'm going to be renting till the day I die at this rate.

[scottarmstrong]

Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA, there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable, but others say it's risky. Any advice?

[bruceadams]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 7k in August 2022...

[johnsmitht]

Home prices in my area went up $200, 000 in only 2 years starting around 2020. Morgan Stanley thinks houses will only go down 5%? With 8% interest rates? Something is not adding up. Someone needs to break down the average income and what a housing payment at 8% looks like for an average house. The numbers are shocking, which is why home buying has slowed.

[yeseniapastor]

I honestly don't see them crashing. They might go down a little but people that bought years ago won't sell and people who currently bought might endcup in a few foreclosures if they lose their jobs. People were still buying even with high prices , it has slowed down because interest rates are so high. Maybe investors might end up loosing a little but regular home owners are not selling.

[BobbyHiII]

I can’t wait for the housing prices to crash. These $500, 000 houses are only worth $125k 💀

[kortyEdna]

The statement "How the Fed destroyed the housing market" is an oversimplification of the complex factors that contributed to the housing market crisis of 2008. While the Fed's policies may have played a role, it is important to consider the wider context and multiple factors that led to the crisis.

[BenHeckHacks]

Rates gonna be high for a LOOOONG time - just like the 80's. It's almost as if history repeats itself...

[jamesvengren]

My first house I paid 12 percent interest these low rates THATS right low rates is nothin compared to what I paid

[ThatOneScienceGuy]

I can barely get a studio apartment in San Diego for $400k it is ABSURD

[BenHeckHacks]

9:53 I live in Madison and yeah that's totally right. If I Zillow my house a new mortgage would be more than the house across the street rents for. Probably why they are putting up those 4 story "yuppie box condos" in every nook and crannie they can find.