Redfin: Home prices Just Dropped by the Biggest Amount Since 2012
The US housing market madness continues… The median sold price in the US fell the most on record year-over-year this April. In addition, new listings fell to a record low, excluding April 2020 (onset of COVID). Home buyer demand has decreased as well though because pending home sales fell to the lowest pre-pandemic levels since approximately 2015. In today’s video, I provide an update on home prices, pending home sales, new listings and more! This is based on a brand new report from Redfin (link below).
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Compilation of Housing Market Forecast videos:
Report I discussed:
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.95% 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.
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#Redfin #Zillow #housingmarket