All-in-All Not a Very Big Housing Drop: Kelly

The video discusses the housing market trends in 2014, highlighting stable home sales and a slight increase in prices. It explores factors affecting home prices, such as low inventory and high demand. The video also addresses the challenges in new home sales and construction due to being underbuilt. Regional insights reveal strong price increases on the East and West Coasts, while the Denver market shows recovery. The role of investors in the market is examined, noting a shift from investor-driven sales to owner-occupant purchases. Affordability challenges are discussed, focusing on mortgage rates, student debt, and wage growth.

What was the anticipated price increase for existing home sales in 2014?

• 3 to 4%

• 9 to 10%

• 5 to 6%

• 7 to 8%

What is one reason for the slower rise in home prices compared to last year?

• High inventory levels

• Low demand

• Market seasonality

• Increased construction

How many new homes should be built annually to meet demand?

• 1.5 million

• 900,000

• 500,000

• 1 million

Which regions are experiencing the strongest increases in housing prices?

• Central and East Coast

• North and South

• East Coast and West Coast

• Midwest and South

What percentage of the market do first-time homebuyers currently represent?

• 50%

• 40%

• 35%

• 28%

What was the primary role of investors during the recession?

• Building new homes

• Buying homes to live in

• Renting out homes

• Flipping homes

What is a significant factor affecting home affordability today?

• High mortgage rates

• Student loan debt

• Decreasing home prices

• Low rental demand