Watch Out U.S. Housing Market

Mortgage rates just soared to 8-month highs and home prices nationally are still increasing. Meanwhile housing affordability is the worst on record due to rising mortgage interest rates and home prices. In today’s video, I share the impacts to homebuyers and the implications to the US housing market. I also discuss some leading indicators of homebuyer demand.

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Reports I shared in today’s video:

https://www.mba.org/news-and-research/newsroom/news/2023/06/29/mortgage-application-payments-increased-4.9-percent-to-2-061-in-february

https://www.mba.org/news-and-research/newsroom/news/2023/07/06/mortgage-applications-decrease-in-latest-mba-weekly-survey

https://www.showingtime.com/daily-showing-activity/

www.mortgagenewsdaily.com/mortgage-rates

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.2% 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)
[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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#mortgage #mortgagerates #homebuyer