Good and BAD News for Homebuyers: NEW Reports

BREAKING: NEW Housing Market Report! Records were broken (bad news for homebuyers). HOWEVER, I also share a positive trend that may be good news for home buyers. In today’s housing market update, I share the latest housing market reports with you so you can make your own housing market predictions for 2022.

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My Bold Housing Market Predictions for 2022:

Compilation of Housing Market Forecast videos:

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 3.35% for the current mortgage rates (at the time of filming this video). This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.

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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Why Aren’t Home Prices Dropping? Housing Market 2020

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Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):

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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 with Realty One Group in California under DRE 01923240.

#homesales #housingmarket #realestate

[JasonWalter]

My Bold Housing Market Predictions for 2022

Compilation of Housing Market Forecast videos

Get Connected To a GREAT Real Estate Agent in Your Area:


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More of my videos:
Why Housing Inventory is LOW

Homebuyer Alert: Should You Buy NOW or WAIT?

2008 Housing Market vs Now:

Options after Mortgage Loan Forbearances Ends

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[RyanLundquist]

I'm wrapping up my 2021 stats for Sacramento and the market as a whole was even faster than 2020 (not a shocker). It's basically the fastest market ever in terms of properties selling quickly. Some other records too. I'll push some stuff out early next week.

[RyanLundquist]

I find so many people try to time the market perfectly. That's so difficult to pull off. I've been having a few conversations with people who sold last year thinking the top was at hand. And yet here we are with upward price pressure still.

[Tomabd]

Data informative. Quality content keep it up.

[TheSighlent]

Love your videos! I've been watching for the past few months. So much great content - Thank you!

[pubmeatman]

The home prices in the 2 markets I keep track of here in Florida are still going up. It’s unbelievable! I hope prices at least stabilize soon. I still question if the FED will do more than 1 increase.

[richyzzz]

Would you rather buy a house in a low-inventory, low-interest rate market or a buy a house of your choosing cause of high inventory, negotiable prices, but higher interest rates?

[asolano]

Awesome job Jason! Showing 2019, 2020, and 2021 inventory on the same graph really paints a clear picture: there is a deficit in the number of homes being put up for sale every year compared to the homes being sold. It seems like the inventory is headed toward even lower levels next year. And BTW, although I agree that higher rates will slow the market and provide a repite for buyers, higher interest rates will also disincentivize potential move-up sellers from selling since they would have to give up the lower interest rate on their current mortgage. That means availability of entry-level homes, the type of homes we need the most, could be negatively impacted by higher interest rates.

[mmkim]

If stock market crashes it will put downward pressure on home prices. Higher rates as well. Todays market drop could be the beginning with fed reducing their balance sheet and raising rates

[GuitarsAndSynths]

Corelogic predicts for 2022 cooling in housing market. Not sure how accurate their data really is.

[ryanwalthuis]

I can’t find a house I want to live 7-10 years in now without overpaying to about 50% of my paycheck. 1950s starter homes that need work are selling for 340k that sold for 120k 5 years ago!

[ufkeys]

I give up, I offered 5k over asking on 5 houses and nothing.

[geekstreat]

This RE market sucks! No inventory AND those that even want to list their home at current ATH, are scared they won’t find something else and don’t list.

[unknown-user]

Have you seen the net population gain report for 2021? It’s a mass exodus from big-city states towards the South.

[shouse]

so lets see...lets do some math...100k @ 2% was 370 a month, 100k @3% is 422 and 100k @ 4% is 477.00 a month. Break that down to this 100k from 3% to 4% is a 55 dollar increase per month per 100k you borrow. So if you are borrowing 200k that's 110 more a month. Now use the good ole 3 rule (you know the one that your grandparents used, only buy your home with a third of your income) that would mean if the interest goes up to 4% from 3% that 110 bucks means you really should have 330 more in income to cover it. Using the good ole 3 rule if your buying a 300k house you would need 100k income...but hey its america lets go with 56% DTI...it will be fine...

[rocketj]

Good advice towards the end of your video, Jason! 100% agree

[goneviral]

It would be very appropriate for the government to raise rates and correct the market rather than having a huge crash.

[myholelife]

Jason, I have to say, you are a reliable and thoughtful presenter of data and facts. I appreciate your disection of certain trends and numbers. I am hoping to buy I. This abnormal market. I do realize, however that I may not be able to because if it. Still, your channel has provided thoughtful insight into the current market and you are a go to for me, for sure. Keep on posting.

[tincup]

The unfortunate part is Tampa is steadily going up…..builders can’t build fast enough and we are getting 1000 people per day….it’s nuts

[flygirl]

Good advise at the end of video. You are a honest man.