NEW Real Estate Market Update: Housing Market 2020 Update

NEW Real Estate Market Update: Housing Market 2020 Update
Buying Real Estate



What is happening in the real estate market 2020 since my Real Estate Market Update: July 2020? In this NEW Report Released: Housing Market 2020 Update we discuss the new existing home sales data, mortgage forbearance numbers and interest rates. In this video, we also look at the National Association of Realtors Existing-Homes Sales data for the California housing market as well as real estate 2020 across all four regions of the entire USA and give you a real estate market update.

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Articles Referenced in this real estate market update:

Forbearance rate drops to 2-month low – GSE forbearance share fell to 5.64% while overall rate declined to 7.8%, MBA says
https://www.housingwire.com/articles/forbearance-rate-drops-to-2-month-low/

Existing-Home Sales Climb Record 20.7% in June – https://www.nar.realtor/newsroom/existing-home-sales-climb-record-20-7-in-june

Housing Construction Posts Double-Digit Gains – https://magazine.realtor/daily-news/2020/07/21/housing-construction-posts-double-digit-gains

I hope you appreciate this update on the real estate market 2020 for the housing market 2020 california as well as this real estate market update from your local Huntington Beach Real Estate Realtor, Jeb Smith.

Please let me know your thoughts below: what are your predictions for the housing market 2020 forecast and the housing market 2020 california? After watching this video, do you believe you should be buying a home this year or if now is the best time to sell a house?

Do you believe a house market crash 2020 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate?

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE #01407449
Coldwell Banker Realty

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Other videos you might find helpful:

NEW Mortgage Update – Interest Rates, Refinancing & FHA –https://youtu.be/A0B1DB-EpaE

Why I decided to refinance RIGHT NOW- New Mortgage Update – https://youtu.be/rbS2we4AO08

Forbearance Update – FHA Repayment Options – https://youtu.be/0_YBAO3HwIo

How do you get the best interest rate – New Housing Market 2020 Update – https://youtu.be/nuJ56Ujwun8

Real Estate Market Update: July 2020 – https://youtu.be/UYkliE1q6Hg

Housing Market 2020 Predictions – NOW may be the BEST TIME TO SELL YOUR HOUSE – https://youtu.be/K7FDZSTRH7I

Housing Market 2020 – Mortgage Forbearance and Foreclosure
https://youtu.be/gz5tSOA0BQ0

New Forbearance Update – Forbearance Facts for FHA & VA Loans – https://youtu.be/BryQTKz9HNY

Pros and Cons of Mortgage Forbearance – Should you use savings instead of doing forbearance – https://youtu.be/znAdBuK8eqU

CARES Act Forbearance Update – Should you accept the terms being offered? – https://youtu.be/rUkmWCRLl7s

#HousingMarket2020 #RealEstate #HousingMarket

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25 Comments

  1. GOOD SCOOP, I THINK YOU ARE SPOT ON, INVENTORY SUPPLY AND NEW BUILDS CANNOT KEEP UP WITH DEMAND, BUILDERS CANNOT FIND LABOR, LAND AND MATERIAL THAT IS COST EFFECTIVE, ALSO REGULATIONS ARE CUMBERSOME, AND WHEN A HOME IS BUILT, THE PRICE OF THE NEW BUILD IS HIGH DO TO THE ABOVE FACTORS MENTIONED. I BELIEVE THAT WHEN THE VIRUS ISSUE IS NO LONGER PRESENT, THAT PENT UP DEMAND WILL FLOOD THE MARKET, CREATING HOME PRICES TO RISE, THE UNIVERSAL LAW OF SUPPLY AND DEMAND KICKS IN. 4 TRILLION EXCESS LIQUIDITY PUMPED INTO THE SYSTEM BY THE GOVERNMENT PLUS PERSONAL RESERVE SAVINGS ON HOLD, WILL COME TO MARKET. HOW MUCH MONEY DO YOU THINK IS SITTING ON THE SIDELINE, WAITING TO FLOOD THE MARKET , WHEN THE VIRUS ISSUE IS NO LONGER PRESENT? YOUR SHOWS ARE VERY INFORMATIVE, KEEP THEM GOING, I LOOK FORWARD TO SEEING THEM…………..JOHN

  2. I like your optimistic outlook, but why are banks more strict on lending and requiring a huge deposit? Also, when the evictions start, i think that will affect prices. If the virus gets worse & economy is shut down again, I think we will be in big trouble.

  3. Welcome to the crash coming starting Mid next year. 1.4 more million lost jobs last week 32 million unemployed- Tennant eviction protection ends tomorrow, 600 a week federal unemployment assistance ends this month and PUA ends at the end of the year and mortgage Differments will have to end sometime next year and foreclosures will rise rise rise! Commercial is starting to get decimated already.

  4. I have 10k and I will have another 15k saved by the end of the year. I would like to buy my first multi family home I’m not sure if I should wait or buy now. Can any one help me?

  5. 200k get you a crack house in California but here in Texas you get a nice house for 200k the downside is No more lovely weather .. hot 100+ degree weather in the summer

  6. I'm in the process of buying a house here in Arizona. I was offered 2.5% fixed rate. Even with higher prices, affordability is still there. My mortgage will be $54.00 more than my rent on a 2 bedroom apartment.

  7. Can you talk about the luxury market with me a bit? You mentioned that luxury is a different ball game. How do you mean? I am about to buy for 2.6Ma great property in LA. Should I not? I feel like while rates are historically low, its such a seller's market and I might be shooting myself in the foot. What happens when I want to sell the one I'm buying in 3-5 years? Will I be in a bind because everyone is broke, rates are high again and inflation has hit, thanks to the feds just printing money…? Help!

  8. Lol on video "if unemployment ends if Eviction happen, if foreclosure, if forbearance ends" what do you mean if, it will happen some people will never recover and its still going affect people.

  9. Bro , forbearance it 12 month in total , you know that , forbearance start March or April 2020will end some month 2021. So when people have to request forbearance they are only qualified for a remaining period . That time is seller market not buyer market

  10. Over 30 million unemployed, Over 4 million in forbearance, Over 28 million may be evicted from their rentals. One of the most prolific hits to our economy surpassing the Great Depression. My first question is are your recommendation based solely on the fact that you think the Fed is going to increase the interest rate? Because The Fed has said numerous times that they will not increase the interest rate for at least two years. At what point because it didn’t happen in 2007 and clearly has no effect now will Real estate agents actually help people and give at least reasonable advice to their clients. I do agree with only one point you made. Sell your home now! Why anyone other then being advised buy a Real estate agent to purchase a home under these conditions is incredible. Good luck. Only one of us is right and over a short time everything is pointing toward a crash unseen ever in history. Theme only thing supporting the stock market is the fed dumping trillions into the market and this forbearance keeping millions of home off the market. Now the extra unemployment benefit just ended the first big crack and soon the other programs will end.

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