Wells Fargo: Housing Recession Could Be Coming

Wells Fargo just announced that the housing market could be headed to a recession as mortgage rates have turned up. They said “Rising Borrowing Costs Stand to Tip the Housing Sector Back into Recession.“ They also mention that home sales should remain sluggish amid record low housing affordability and home prices will be down greatly compared to the past 8+ years.

In today’s video, I share Wells Fargo’s analysis of the US housing market as well as their housing market predictions (link below). Thank you for watching the video! I appreciate you. Please like, share this video and subscribe!

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

The report I covered in today’s video:
https://wellsfargo.bluematrix.com/links2/html/57e8cd0d-f73a-4bea-aba8-9360d6822cf4

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7.5% 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
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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