BIG changes are coming to the US real estate market. As mortgage rates have been hovering around a one month high, we’re also not seeing a seasonal uptick in new listings or housing inventory levels. Additionally, new listings have decreased by double digits for 35 out of the last 38 weeks on a year-over-year basis. In addition, housing inventory has increased by 49% from the same time last year but still down 53% from pre-pandemic levels (April 2019). This is based on my own analysis of US housing market data from Realtor.com and AltosResearch.com.
In today’s video, I share my own analysis based on the latest real estate market data and the impacts that these trends could have on our US housing market in the weeks and months ahead. Enjoy! Subscribe and Like!
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.7% 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) [email protected]
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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.
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