Realtor.com Housing Market Update: Let’s Get Nerdy

Thank you for watching the video! I appreciate you. Please like, share this video and subscribe! See below for links to the reports I covered.

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Compilation of Housing Market Forecast videos:

Source of reports I shared:

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed mortgage rate is around 6.6% 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 (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)

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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).

For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender.

#realestate #housingmarket #Realtor

[JasonWalter]

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[renelopez]

100k subscribers never looked this good.

[ericmiller]

Even though inventory in TN is up, the prices are still DOUBLE what they were 3-4 years ago.

[aliciahernandez]

You’re the only realtor I like 😊🙏🏼 Blessings and thanks for providing this info.

[jamesgaffney]

Jason, what an outstanding effort on the data that’s an enormous amount of work to package that up into one video. Well done.

[DavidSeymourOfficial]

Can’t speak on anywhere else but here in the Hudson Valley NY inventory is finally starting to pile up. Homes sitting for 2-3 months with many stubborn sellers who would rather remove the listing then reduce the price. Will be interesting to see how the next few months play out!

[afsharlady]

Congratulations on your 100, 000 subscribers! Way to go Jason!

[gingerkilkus]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[MaddieBr]

Homes are still overpriced. I talked to a selling agent about a probate sale. 1968 with almost no updates. Needs over $100k remodel. 3 comp houses on street behind. Asked realtor how much house could sell for after updating. She couldn't estimate, said "market price". I expect it will sit on market or become bad cheap flip.

[andysiau]

Another informative video Jason! Great job as always. And of course... CONGRATS on reaching 100, 000+ subscribers! 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

[stich]

Hey, I know the data is really not as available as the used home sales, but can you talk a little bit about the new construction market in one of your upcoming videos?

[wforty]

Hi Jason, would you please make a video on the real estate agent commission rule change? Congratulations on 100K subscribers!Thank you.

[meyersteamtrucking]

New subscriber here! I’m seriously considering becoming a realtor. I decided to find a YouTube channel or two that covers market conditions.

[Courtney-Alice-Gargani]

Some Sellers will pay for closing cost to the buyer because their house has been sitting on the market for awhile. In 2021, buyers would make blind offers. The market has changed.

[joelsnyder]

Im confused everyone said sales would skyrocket if rates went down 😮 not you Jason everyone else and thank you for the update

[MojoSoDope]

Fingers crossed AZ comes back to reality sooner than later

[ZeCroiSSanT]

With the recent unemployment numbers I think we'll see a big cut from the Fed - they won't cut unless the economy is in a worse spot.

[oppenheim]

The main driver of housing crashes is unemployment. Right now unemployed isn’t high enough, though it is rising.

[tlindsay]

Colorado is near neutral when it comes to people moving in, or moving out to orher states.
Also, many homes in nicer areas are sitting on the market for a long time. This is a long overdue sign of coreection. My fear is that the Feds will lower rates, and the next President will flood the market with more free money, thwarting the correction, and inflating home prices.

[G-Anon-ozlb]

According to every realtor the best time to buy is now. 😝