now so gdp grew at 5.7 percent last year |
6.961 |
Jump to 21.199 |
|
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6.9 in december i'm wondering how much |
5.76 |
Jump to 24.96 |
|
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rise uh something like around 10 basis |
4.48 |
Jump to 45.44 |
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already slowing even though that fourth |
3.681 |
Jump to 60.239 |
|
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out of the first two quarters of next |
3.92 |
Jump to 65.68 |
DATE
the first two quarters of next
|
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year so we think somewhere between two |
3.68 |
Jump to 67.28 |
|
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and three quarters and three percent |
2.8 |
Jump to 69.6 |
|
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several things are changing first of all |
3.281 |
Jump to 83.119 |
|
|
price appreciation in 2022 |
5.36 |
Jump to 137.44 |
|
|
those two things at the margin will |
4.48 |
Jump to 140.64 |
|
|
first-time home buyers |
4.24 |
Jump to 145.12 |
|
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first-time home buyers now there is a |
5.92 |
Jump to 170.319 |
|
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go too far even if rates say break four |
4.72 |
Jump to 176.239 |
|
|
accounts are about two trillion dollars |
3.121 |
Jump to 188.959 |
MONEY
about two trillion dollars
|
|
hard to find one |
4.161 |
Jump to 209.519 |
|
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like something between 15 and 17 |
5.44 |
Jump to 215.76 |
CARDINAL
between 15 and 17
|
|
uh something on the order of 18 increase |
5.44 |
Jump to 236.48 |
|
|
in house prices in 2021 |
6.479 |
Jump to 239.04 |
|
|
following about a 15 increase in 2020 |
7.039 |
Jump to 241.92 |
|
|
our estimate is that uh in 2022 the |
5.201 |
Jump to 245.519 |
|
|
the seven to eight percent range uh it |
5.359 |
Jump to 250.72 |
PERCENT
seven to eight percent
|
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seven or eight which is much higher than |
3.921 |
Jump to 256.079 |
|
|
your house you have to find another one |
3.36 |
Jump to 263.68 |
|
|
has one house to sell that's there are |
4.081 |
Jump to 270.639 |
|
|
so it's been a tale of two cities right |
3.84 |
Jump to 290.32 |
|
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second time buyers or they're investors |
4.479 |
Jump to 298.56 |
|
|
but what about for the first time home |
4.0 |
Jump to 301.039 |
|
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well the big challenge for first-timers |
4.56 |
Jump to 318.16 |
|
|
the for the first time buyer that will |
3.92 |
Jump to 334.8 |
|
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driven by those two factors of declining |
5.84 |
Jump to 359.6 |
|
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which is one of the reasons that nominal |
5.36 |
Jump to 410.88 |
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