This Would Cause a Housing Market Deep Freeze: US Debt Ceiling Default

“A debt ceiling default would send the U.S. housing market back into a deep freeze.” In today’s video, I share a potential scenario of what would happen to the US housing market if the Federal government was unable to raise it’s debt ceiling and default on its debt for the first time in history. This is based on an article from Zillow and they provide housing market predictions and a housing market forecast about what would happen in the event of a debt default. In this unlikely event they predict that unemployment and mortgage rates would surge. In addition, they state that home sales would plummet to lowest levels on record (based on a seasonally adjusted annualized rate of 3.3M – lower than any other month as far back as the National Association of Realtors data goes, which is January 1999). Thank you for watching the video! I appreciate you! Like and subscribe!

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Jason

Compilation of Housing Market Forecast videos:

Report I shared in the video:
https://www.zillow.com/research/debt-ceiling-32626/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.7% for the current mortgage rates for people with exceptional credit (at the time of filming this video).

➜➜➜ Email me if you’re looking to buy or sell a home in the greater Sacramento area (w/n ~30mn drive from Sacramento): jason@meetjasonwalter.com

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.

#Zillow #Redfin #housingmarket