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| Name | Real Estate outlook: A look at what to expect from the the housing market in 2024 |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 29-12-2023 00:29:12 |
| Video Discription | One of the biggest themes in 2023 was the struggle in the housing market. High mortgage rates made it more difficult for people to buy homes and people who had homes didn't want to sell them in fear of losing their low mortgage rate. A lack of existing home inventory plagued the market, though homebuilders were able to take advantage. Meredith Whitney LLC Founder Meredith Whitney, who is known for correctly predicting the 2008 financial crisis, tells Yahoo Finance's Brad Smith and Brian Sozzi that as more baby boomers retire and look to downsize, more inventory should come onto the market. Whitney says that since most home mortgages are originated by institutions outside of banks, they can't really ease their lending standards to make housing more affordable. Whitney notes that there are government programs that can help homebuyers, but she cautions that could cause servicing costs to rise. Whitney thinks that, ultimately, "you're going to have more seniors, the silver tsunami, selling and there are fewer buyers so the give is going to be lower home prices... advice to millennials, that advice is to wait. Advice to boomers is sell... the sooner you sell the higher price you capture. The longer you wait, the lower price you buy at. So, I think it's a cat and mouse game." Click here to watch the full interview with Meredith Whitney. For more Yahoo Finance housing coverage: 2024 home buying season will be better than 2023: Economist Can homebuilder stocks defy the odds in 2024? Housing market has looked 'bubblicious': Economist Top housing markets for 2024: Realtor.com About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
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