Eye-opening: The Massively Deflating Housing Market

NEW Report! Home prices have now fallen by 6.6% in the last 4 months alone. During the same time period in 2019 (pre-COVID), the median sold price only declined by 2.2%. Also, pending home sales have fallen by a whopping 35% on a year over year basis. According to Redfin, this represents the largest year-over-year decline in pending home sales on record for data that goes back to 2015. The US housing market is slowing down big time and we still haven’t seen the true effects of mortgage rates over 7%. This is your latest housing market update!

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Jason

Compilation of Housing Market Forecast videos:

Source of article I discussed:

Housing Market Update: Pending Home Sales Fall 35%, Largest Drop in at Least Seven Years

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7% for the current mortgage rates (at the time of filming this video for those with excellent credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (lic 103885)
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 real estate agent with Realty One Group in California under DRE 01923240.

#housingmarket #Redfin #mortgagerates