This JUST in! We’re seeing insane changes in the US housing market given the fact that mortgage rates have more than doubled since Jan 1st. For example, the share of reduced priced listings has doubled over the past 5.5 months and we’re seeing huge gains in the number of houses for sale. Housing inventory has risen for the past 7 weeks in a row. 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!
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Compilation of Housing Market Forecast videos:
Source of Realtor.com data:
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.3% 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)
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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.
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.
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