NEW housing market replace! We’re seeing large modifications within the US housing market given the truth that common mortgage charges have greater than doubled since Jan 1st. For instance, the share of diminished priced listings has doubled over the previous 6 months and we’re seeing large good points within the variety of homes on the market. Housing stock has risen for the previous 9 weeks in a row. In in the present day’s video I share my very own evaluation based mostly on the most recent actual property market information from Realtor.com and the impacts that these developments might have on our US housing market within the weeks and months forward. Get pleasure from!

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Compilation of Housing Market Forecast movies:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Supply of Realtor.com information: https://www.realtor.com/research/data/

To provide you a fast mortgage rates of interest replace, in response to the Mortgage Information Every day the typical 30yr fastened price mortgage is round 6.6% for the present mortgage charges (on the time of filming this video for these with wonderful credit score).

Remark under: what’s your housing market forecast? Do you suppose a housing crash will occur or are your housing market predictions that the true property market and residential costs will proceed to surge?

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Jason Walter, CPA (lic 103885)
Sacramento actual property agent and native
Realty ONE Group Full (DRE 01923240)
jason@meetjasonwalter.com

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Disclaimer:
Jason Walter just isn’t a working towards tax accountant or a licensed legal professional or monetary adviser. Subsequently, the data in these movies shall not be relied upon as tax, authorized, or monetary recommendation from a professional perspective. Should you want such recommendation, please contact a professional tax accountant, legal professional, or monetary adviser. We now have taken affordable steps to verify that the data on this video is correct however we can’t symbolize that it’s free from errors. You expressly agree to not depend upon any info contained on this video – it’s for leisure functions solely.

This video description could comprise affiliate hyperlinks that can help you simply discover the objects talked about in my movies in addition to help the channel without charge to you. Thanks on your help! Jason Walter is a licensed actual property agent with Realty One Group in California underneath DRE 01923240.

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33 COMMENTS

  1. Well because rates have doubled since same time period last year in an already highly inflated market its no wonder people put the brakes on wanting to secure financing to purchase their homes which is the only way the majority of people can buy homes these days.

  2. The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Silver, Gold, various stocks,  and digital currencies

  3. Competition is going to be very competitive next season after winter. If houses come down, it’s going to be a very small window and people are going to be offering over asking price to get the house. We have years of buyers who chose to wait, and even more buyers constantly coming onto the scene. Unless your area built a lot of new homes, I wouldn’t expect any sort of crash in prices. This isn’t 2008 when they have loans to people who shouldn’t of got them, and people aren’t going to sell for less than what they paid for. Especially if they got a good interest rate.

  4. Appreciate all the hard work, but these titles are starting to feel click-baity. How many "huge" and "massive" changes can happen to the market on a daily basis?

  5. Realtors advised owners to reduce price by $1k to reset days on market. There are properties in Elk Grove that have been on market for over 4 months and use price reduction to reset the variable 'days on market'.

  6. There can be no US housing market for a year or three, no problem. Most California homeowners were smart enough to refinance our homes at around 2% and we are paying them off the easy way, with inflated dollars at face value. So if the housing market takes a vacation for a few years, the real estate brokers will be the ones crying, not me!

  7. Thanks Jason !
    – Also, according to housingwire's last report, "New" homes supply is at 9.2 months and existing home supply at 3.2 months.
    – Dallas Fed said home prices could plunge by 20%
    – IMO, effect of layoffs on housing will show up in future months, may be starting in January/Feb 2023.
    Adding all these, 2023 will be the year of corection/crash in some markets.

  8. THE SKY IS FALLING… THE SKY IS FALLING . LOL ! Even if home prices fell 15% versus the rise in interest rates you're still paying way more for a home than you were this time last year. Also nobody is selling anything in a decent niehborhood when they have a 3.1 interest rate. Why would they? Beware of Youtube Doom and Gloomers

  9. Great video ! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?

  10. From reading the comments of housing vids, it appears that many people have given up on themselves before they ever got started.

    Life is an amazing gift we all get to live, but if people aren’t willing to do anything to make it a good life, that’s on them.

    Being all pissed off about everything, isn’t going to make your life better.

    Stop being so salty and put that energy into yourself and bettering your life.

  11. I’ve decided to change my strategy recently. I have enough for a down payment but not enough houses to choose from right now. I’m dollar cost averaging this money into ETFs over the next year as I believe we will see the bottom sometime next year. I’ll be able to save another down payment in cash during this time. Too much cash on the sidelines.

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