This is NOT Good for Homebuyers: Housing Market Alert // Here’s the latest housing market 2021 update which should serve as a warning for home buyers for the 2021 housing market.
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For the latest housing market update and according to the National Association of Realtors, existing-home sales increased 0.6% from the prior month and 23.7% from one year ago. The US median existing-home sales price rose to $303,900, 14.1% higher from one year ago. As of the end of January, housing inventory fell to a record-low of 1.04 million units, down by 25.7% year-over-year – a record decline for our real estate market 2021.
Mortgage rates have started to increase in recent weeks. Freddie Mac recently announced that the average 30yr fixed rate mortgage rose to 2.81%. This is still only slightly above the record low but are more increases to come and would that cause a housing market crash 2021?
Comment below: what’s your housing market 2021 forecast and housing market forecast 2021? Do you think a housing crash 2021 will happen and there will be a housing crash due to a housing bubble or do you think the housing market 2021 will continue to surge?
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Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
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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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