This is a YouTube video titled "THE MEDIA ON PREDICTING THE HOUSING MARKET" containing a discussion between two speakers analyzing housing market trends from 2015 through 2023, highlighting how media predictions about housing bubbles and market declines were contradicted by steady price increases, emphasizing real estate as a strong investment.
20152016 the media reported we're in the middle of a housing bubble yet house prices went up 5% each of those years. 20172018 the media said that it's better to rent than own a home. Well we went up another 6 and then 4% those years. 2019 the housing market was reported to be shifting in a bad way for buyers. Nope we just gained another 4%. Then Covid came in 2020 and 2021.
That was going to be the end.
Of the housing market.
Nope we actually.
Added fuel to the fire. We went up 15 to 20% each of those two years. Then Covid calmed down. That was going to deflate the housing market. Nope. We've been chuggin at 5% per year ever since. Even as rates.
Skyrocketed in.
2023. Doesn't matter. House prices went up another 5%. So this goes to show how strong of an investment it is in real estate and why it's super important to own your home.
