This is big... As mortgage rates have been on a downward trend for nearly 2 months, we’re still not seeing a seasonal uptick in new listings or housing inventory on a national level. For example, new listings have decreased by double digits for 35 out of the last 37 weeks on a year-over-year basis. In addition, housing inventory is up by around 60% from last year but still down 51% from pre-pandemic levels. 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 from Realtor.com 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 6.4% 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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