Realtor.com: MASSIVE Increase in Price Drops

The number of houses for sale with price drops soared 84% from the same time period one year ago. Also, housing inventory (i.e. the number of houses for sale) is up 30% from a year ago BUT… it has more than doubled since late March! The share of price reductions is also at 36% according to AltosResearch.com (about double the share compared to April 1st of this year and about the same levels as this time in 2019. Because the number of new listings has dipped over the past 4 weeks compared to a year ago, the increase of housing supply is from a drop in homebuyer demand (for example, homes are taking longer to sell and pending home sales have been declining).

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

Jason

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 around 5.1% 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?

———————————————————————————-
Products I use and like: ad
Tubebuddy https://www.tubebuddy.com/jason808
Virtual Assistants https://bit.ly/3lYRujQ
AWeber https://bit.ly/3jRO7JYf

My no. 1 recommendation for real estate licensing in California (the same course I took): ad
https://bit.ly/2EUYLRq

***
Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73

➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh

Royalty Free Music from Bensound

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.

#Realtor #homeprices #housingmarket