Due to rising home prices of existing home prices in the United States, the cost of buying a home is very close to last October’s record high (i.e. housing affordability at low levels). The 5% year-over-year increase in the US median existing home sold price is quite remarkable given that housing inventory is at least a 3 year high during the same time period (four weeks ended March 31st). However, inventory levels are still far below pre-COVID levels and has only gradually increased so far this year (compared to the sharp rise in 2022).

In today’s video, I share the latest housing market trends for the United States based on Redfin’s latest housing market update (link below).

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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% 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 (DRE 01923240)
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Revest Homes (DRE 02174879, NMLS 2362319)
jason@meetjasonwalter.com

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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.

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 and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).

#Redfin #realestate #housingmarket

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