What the Mass Media Isn’t Telling You About the Housing Market

Mortgage rates did NOT dip below 7% this week despite the fact that it’s all over the internet. In today’s housing market update, I share what’s the average mortgage interest rate right now as well as share an update regarding home prices, housing inventory, price reductions and more at a national level. I also discuss the latest for the Boise Idaho housing market because that’s one of the most impacted housing markets in the US so far this year. For example, the share of price reductions in the Boise housing market is 70% at the time of this video per AltosResearch.com. This is far higher than the national average of 43%. Home prices there (as well as nationwide) have decreased at a much faster pace this year vs. 2019 as well.

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Compilation of Housing Market Forecast videos:

Source of data I discussed:

Data Center

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.3% 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