Realtor.com: Interesting Dynamics Occurring in the US Housing Market

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 6.9% 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

[Wooohooohooo]

Hopefully this trend increases, in relation to first time buyer opportunities. Personally & for the most part, I'd stay clear away from house resales withing a 2 year time frame, where the asking price is tripled that of the same house previous purchased amount & not an ounce of home upgrades/improvements made.

[DEG]

Wise people are waiting at least until after November to get better clarity on where this market is really headed.

[Pragmatistst]

Buyers/consumers have to wait the over-pricing out. This goes for houses, cars, etc. They can't keep over-pricing if consumers dont overspend. It is up the public/buyers to force deflation.

Also, you don't have to pay realtors a set commissions. When someone's pay hinges on sale price it's salesmen's nature to promote price increases.

[carnivalgods]

Great live data share as always Jason. I have no explanation for it but Texas inventory spent two weeks taking a nap the back end of July then ramped back up in August. Fickle as all get out. Have a great Sunday!

[misterringer]

Yep, and Tennessee still trying to get 2022+ prices in many local markets that are also above 2019 inventory. Wonder how long they'll be able to hold out.

[jonathanmarsh]

Wouldnt it be obvious for year over year housing supply percentage to decrease? In 2022 the reason why we had such big increases was due to available housing supply being so low. Now that we are picking up inventory it would be natural for home inventory increases to start tailing off unless we get some catalyst to bring on forced selling.

[rubyannr]

I wonder if the confusion regarding the impact of the NAR settlement is getting some sellers and buyers to hold off until things shake out.

[thetarango]

Best in the biz! How is this guy not at 100k subscribers?

[Courtney-Alice-Gargani]

I think most of the country there is no more bidding wars. Raleigh, NC is having bidding wars in some areas.

[stephenbaughman]

So close to your 100k Jason. C'mon everyone!!!

[Capt.Keivan.Ajdari]

@jason Thanks a lot for your valuable videos👍

I visited a new construction yesterday from Lennar in Savannah, GA.

Lennar offers $20, 000 to $40, 000 price reduction
+ $5, 000 credit to the closing cost
+ additional $5, 000 to the closing cost if you don’t have a buyer’s agent/ representative
+ Rate buy down 4.5% first year, 5.5% 2nd year (up to $8, 000 off the price reduction) if you get the mortgage from Lennar

Still, something tells me to wait another 6 months!

[tlindsay]

Thanks for the great work you do to share the housing info with us !

[davidonewayticket]

Great analysis like always!
In your opinion what direction are home prices going from here? 👍

[joewoodchuck]

The best information for a serious buyer or seller is what's happening in YOUR region of interest. It varies a lot, something the national numbers don't reflect nearly as well. The other point is that the actual price range YOU are in is more accurate than median or average numbers. Where I am the price ratio of the most expensive homes to the lowest is around 10:1. What you want to spend is somewhere between the two extremes, not necessarily at the median.

[PawsitivelyPerfectWebsites]

The reason that we are not seeing the numbers reflect more completed housing or a rise in housing inventory is because the builders are leaving them, half built and not completing them, the builders are trying to control home prices.

[CoastalConnectionsRealEstate]

Thanks for sharing, love your content!

[Addis-dz]

I will buy a house when 700k houses back to 350k before COVID price

[GiddyupArtist]

Like and Subscribe people! Jason gives us great information! Thanks Jason!

[SaveManWoman]

When all buyers are in who will we sell to?

[Coisiniiiiii]

This reminds me of the recently released "2024 Top 10 World Most Expensive Modular Apartment Highrises". As for future real estate trends, these high-priced modular apartments seem to be becoming more and more common. What do you think of this trend?