The Real Estate Market is Out of Control // In today’s housing market update, I share a brand new real estate market report that was published today. I discuss the states and cities that had the highest gain in home prices and which ones were on the bottom of the list for home prices 2021. Stick to the end of the video because I also share the top 5 cities that are at risk for the biggest drop in home prices.
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According to Corelogic, their Home Price Index (HPI) increased 11.3% from March 2020 to March 2021. This is the highest year over year gain in home prices in the last 15 years! However, Corelogic forecasts that price appreciation will slow to 3.5% over the next 12 months.
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr FRM is 3.10% and mortgage rates have been declining since April 1st, 2021 which is good news if you’re a homebuyer right now or 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 is 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 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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