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Are you a homebuyer or maybe even a first time home buyer? If so, you should know that Redfin released a recent real estate market report for over 400 metro areas in the US during the 4-week period ending March 7th. During this time period, the median home sales price increased 17% year over year to $328k, an all-time high. This is also the largest increase ever which dates back to 2016. That’s one part of today’s housing market update…
Active listings (the number of homes listed for sale at any point during the period) fell 41% from 2020 to a new all-time low. This is the largest decrease on record in their data, which goes back through 2016. In addition, new listings are down 17% from one year ago.
What are current mortgage rates? The Mortgage News Daily posted on Friday that the average 30yr fixed rate mortgage interest rate has climbed to 3.32% (the highest since March 2020) and the average 15yr fixed interest rates increased to 2.68%.
If you’re looking to buy a 3D printed home, then the company, ICON just completed four homes in Austin, Texas. These are TWO to FOUR bedroom homes that are on the market in the $400k range.
Comment below: what’s your housing market 2021 forecast and housing market forecast 2021? Do you think a housing crash 2021 will happen and there will be a housing crash due to a housing bubble, a 2021 housing market crash 2021 or do you think the real estate market will continue to surge?
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Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed Realtor with Realty One Group in California under DRE 01923240.
#housingmarket #mortgagerates #realestate