The Wild Housing Market of 2023: New Details Emerge

This is wild! The US housing market is looking so much different now compared to the start of the year. For example, housing inventory has been falling nearly every week so far this year (2023). It’s seasonal for inventory to fall starting in the winter months but it would be more normal to see inventory start to rise around March. Instead it has been flat for the month this year. Current inventory levels are around 50% lower than pre-COVID (down 44% from March 2020 & down 50% from March 2019 per data from AltosResearch.com) but still much higher compared to the past couple of years (up around 60% from 2022 and 2021).

In today’s video, I share my own analysis based on the latest real estate market data from Realtor.com and the impacts that these trends could have on our US housing market in the weeks and months ahead. Enjoy! Subscribe and Like!

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Compilation of Housing Market Forecast videos:

Source of Realtor.com data: https://www.realtor.com/research/data/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.6% 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.

#realestate #housingmarket #homeprices