Fannie Mae has just revised downward their US housing market forecast for home sales through 2025. They also are expecting that mortgage rates will be HIGHER than their previous real estate market predictions as well. Because of this they are forecasting that housing inventory will grow due to supply outpacing home sales.
In today’s video, I share all the details of their real estate market forecast for housing starts, home sales, home prices and average mortgage rates through 2025 (link below for the reports).
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To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% for the current mortgage rates for people with exceptional credit (at the time of filming this video).
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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?
*** Jason Walter, CPA (inactive CPA lic 103885) Sacramento real estate agent and native (DRE 01923240) Mortgage Loan Officer, NMLS 2566691 Revest Homes (DRE 02174879, NMLS 2362319) [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.
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 and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).
