BIG NEWS! Home prices in the San Francisco Bay area have declined by 35% since April 2022!!! That’s a massive decrease of $540,000 in just 9 months! In fact, the median sold price in January 2023 of $1,000,000 is the lowest since May 2020 (i.e. the home price gains over the past 2.5 years have been wiped out already). I also share additional home price trends for other major regions in the California housing market as well as how each county fared as well.
Today’s video is based on my own analysis of data from the California Association of Realtors (CAR) and these videos take me hours to make so I appreciate it greatly if you like and subscribe!
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Compilation of Housing Market Forecast videos:
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.8% 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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