The California Housing Market is on Fire: NEW Report // Many more records were broken so in today’s housing market update, I share the latest details with you regarding the exploding California real estate market.

Get Connected To a GREAT Real Estate Agent in Your Area

WeBull FREE stock promotion (get TWO free stocks for a limited time when you deposit $100 within 30 days of signing up):

The California Association of Realtors (CAR) just posted April’s housing stats and these are mind-blowing, including a brand new all-time record high median home price of $813,980. That’s up 7.2 percent from March and up a whopping 34.2 percent from April 2020. That year over year gain of 34% also is an all-time high.

In addition, home sales surged 65% compared to a year ago. Homes that sold for $2M or more increased by 302%!

Inventory continues to be a problem. Active listings decreased more than 50% from April 2020.

Yet another record high that was set was the fact that CA’s statewide sales-price-to-list-price ratio posted a record high in April of 103.3%.

Other records broken were days on the market, price per square foot and more.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr FRM is 3.14% today. This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.

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 due to a housing bubble, a 2021 housing market crash 2021 or are your housing market predictions that the real estate market 2021 and home prices 2021 will continue to surge?

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

Get 50% off Housingwire + (HW+) by using the coupon code: Jason50%off

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.

#CaliforniaHomes #housingmarket #California

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?