Brand NEW Report: March 2021 California Housing Market Update // An alarming report for the California real estate market was just published and many of these trends are jaw dropping. Will we see a California housing market crash or is the California real estate market skyrocketing? This is your latest housing market update.
Feb 2021: California Real Estate Market report from the CA Association of Realtors:
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According to the California Association of Realtors (CAR) February’s statewide median home price was $699,000, down 0.1 percent from January and up 20.6 percent from February 2020. Existing, single-family home sales were down 4.5 percent from January and up 9.7 percent from February 2020.
In real estate market news, houses are also selling very quickly… The median number of days it took to sell a California single-family home was 10 days in February down from 23 days in Feb 2020. This figure was one of the lowest ever recorded! Do you believe we are in a housing bubble? Comment below.
To give you a mortgage update, mortgage interest rates have continued to climb. The 30-year fixed-rate mortgage averaged 3.33% according to the Mortgage News Daily.
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 or do you think the housing market 2021 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)
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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.
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