Housing Alert: Latest Housing Market Update // In today’s real estate market update, I share the latest housing reports with you so you can get a glimpse into what’s happening right now in the US… AND what to expect in the months to come. Looking at these reports will help make housing market predictions 2021.

To give you a real estate market update, after the records that were set for pendings in Dec and January, pendings decreased 10.6% in Feb and all of the four major regions in the US experienced a month-over-month drop in pending home sales, led by the South with a 13% decrease. However, when compared to one year ago, the dip in pendings was less pronounced b/c pendings were down only 0.5% compared to Feb 2020. The reason for the month to month decrease is most likely due to record low housing inventory but rising interest rates may also play a role.

WeBull FREE stock promotion (limited time only):

In other news, The Mortgage Banker’s Association’s unadjusted Purchase Index decreased 1 percent compared with the previous week…. HOWEVER, it was a whopping 39% higher than the same week one year ago.

Lastly, to give you a mortgage interest rate update, current mortgage interest rates are averaging 3.42% for a 30yr fixed interest rate mortgage.

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? Or is there a housing bubble and a housing market crash?

Products I use and like: ad
My webcam
Clickfunnels
Tubebuddy
Virtual Assistants
AWeber

My no. 1 recommendation for real estate licensing in California (the same course I took): ad

***
Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
Follow me on Instagram ➜ @SacramentoRealtor

*** FREE Sacramento Area Home Buyer Guide ➜
*** FREE Sacramento Area Home Seller Guide ➜

➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜

More of My YouTube Videos:

Why Aren’t Home Prices Dropping? Housing Market 2020

BEWARE – Why I Cancelled My Mortgage Loan Forbearance Offer

Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):

➜ PLAYLIST: Videos about Living in Sacramento

➜ PLAYLIST: My 5 Favorite Areas Near Downtown Sacramento:

Moving to Sacramento? Top 10 Reasons to Move Here:

5 Pros & Cons of Living in Sacramento:

Royalty Free Music from Bensound

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 #realestate #homeprices

source

Copyright © 2020 | Equity Funding Source, Inc. | All Rights Reserved | RE Broker CalDRE License No. 01835370 | NMLS ID  239093 |  

Telephone: (323)225-3800    E-mail: judith@equityfundingsource.com

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?