Alarming Trends Emerging: Dec 2023 Housing Market Update
What a wild housing market we have as some new alarming trends are emerging in the U.S. housing market. For example, there’s approximately 450k fewer homes for sale this November compared to the average November in 2017 through 2019 (down 38%). However, housing inventory (i.e. the number of existing homes for sale) is still rising which is HIGHLY unusual for this time of the year. Part of the reason why inventory increased from October is due to a dip of pending home sales. But it’s also from an increase in the number of new listings compared to a year ago, marking an end to 17 consecutive months of a decline in new listings.
In today’s video, I share a housing market update from Realtor.com which covers the month of November 2023 (link below). Thank you for watching the video! I appreciate you. Please like, share this video and subscribe!
➜➜➜ Inquiries for my NEW video editing business: email me at [email protected]
➜➜➜ Get Connected To a GREAT Real Estate Agent or Mortgage Advisor here:
http://www.realestateteamfinder.com
Interested in buying or selling a home in the greater Sacramento area? Email me at: [email protected]
Compilation of Housing Market Forecast videos:
• Housing Market Forecast videos
The report I covered in today’s video:
https://www.realtor.com/research/nove...
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7.2% 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?
----------------------------------------------------------------------------------
Products I use and like: ad
My Gear I Use for YouTube: https://www.amazon.com/shop/jasonwalter
Tubebuddy https://www.tubebuddy.com/jason808
Hire a Virtual Assistant Here https://bit.ly/3lYRujQ
***
Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]
➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73
➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh
Royalty Free Music from Bensound
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.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty ONE Group Complete in California under DRE 01923240.
#realestate #housingmarket #Realtor