Redfin: Housing Affordability Falls to a New Record LOW.

Housing affordability just fell to a new all-time record low as the number of newly listed houses rose by 15% (biggest YOY increase in nearly 3 years). Meanwhile the US median sold price is only $9k shy of the record high that was set in June 2022.

In today’s video, I share the latest housing market trends for the United States based on Redfin’s latest housing market update (link below).

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Sources of the Reports I Shared in Today’s Video:
https://www.redfin.com/news/housing-market-update-housing-costs-inventory-increase/

https://www.redfin.com/news/data-center/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% 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)
[email protected]

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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.

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#Redfin #realestate #housingmarket


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