Consumer Confidence for the Housing Market Falls to a Decade Low

Consumer confidence for the housing market in July dropped to the lowest level since 2011. Additional consumer sentiment towards buying AND selling a home fell in July. This is according to Fannie Mae’s most recent survey regarding the housing market (link below). In this survey, they found homeowners are growing more pessimistic regarding conditions for selling a home given that the housing market has been slowing down and price growth is expected to slow further. This is in line with a dip in new listings as reported by Redfin and Realtor.com for example. This is your latest housing market update.

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Compilation of Housing Market Forecast videos:

The article I cite in today’s video:
https://www.fanniemae.com/newsroom/fannie-mae-news/consumer-sentiment-toward-housing-lowest-level-decade

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 5.4% 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)
jason@meetjasonwalter.com

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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.

#FannieMae #realestate #housingmarket