Selling Real Estate

WARNING: California Housing Market Slowdown on Steroids

NEW report: home prices and home sales decreased in California last month. In fact, the median sold price in CA dipped below $800k for the 1st time since March of this year. In addition, pending home sales declined by double digits for the 5th consecutive month. This is according to a California housing market update from the California Association of Realtors (CAR).

➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area

Jason

➜➜➜ Or, email me if you’re looking to buy or sell a home in the greater Sacramento area (w/n ~30mn drive from Sacramento): jason@meetjasonwalter.com

➜➜➜ Treat me to a coffee or a craft brew here: buymeacoff.ee/JWalter

The California Association of Realtors (CAR) released October’s housing market stats yesterday. They reported that the median sold price for single family existing homes in California declined from $808,890 in September 2021 to $798,440 in October 2021.

Part of the reason for the decrease may be from a drop in luxury home sales, increasing inventory and seasonality.

In the Sacramento real estate market, CAR reported that the median home price increased from $507k to $510k in Oct 2021, a 0.6% month to month increase in Sacramento California. Home sales in Sacramento CA increased 0.8% from Sept 2021.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 3.27% for the current mortgage rates. This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.

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, a 2021 housing market crash 2021 or are your housing market predictions that the real estate market 2021 and home prices 2021 will continue to surge?

———————————————————————————-
Products I use and like: ad
My webcam https://amzn.to/2QZMFZt
Clickfunnels https://bit.ly/2GvfNWp
Tubebuddy https://www.tubebuddy.com/jason808
Virtual Assistants https://bit.ly/3lYRujQ
AWeber https://bit.ly/3jRO7JYf

My no. 1 recommendation for real estate licensing in California (the same course I took): ad
https://bit.ly/2EUYLRq

***
Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

*** FREE Sacramento Area Home Buyer Guide ➜ https://bit.ly/2YjUnTJ
*** FREE Sacramento Area Home Seller Guide ➜ https://bit.ly/2x1uqZF

➜➜➜ 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

More of My YouTube Videos:

Why Aren’t Home Prices Dropping? Housing Market 2020

BEWARE – Why I Cancelled My Mortgage Loan Forbearance Offer

Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):

➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh

Moving to Sacramento? Top 10 Reasons to Move Here:

5 Pros & Cons of Living in Sacramento:

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 in California under DRE 01923240.

#Sacramento #housingmarket #California

Products You May Like

Articles You May Like

Malibu mansion with spa and theater hits market as 8-way timeshare
‘One actionable thing’ that can save prospective homebuyers up to $104,000 over the life of their mortgage
The Most Profitable Type Of Real Estate Investment In 2022 (Part 1) | Robert Kiyosaki
Big Tech is on a Real Estate buying SPREE!
A ‘shakeout’ among mortgage lenders is coming, according to CEO of bank that left the business

Leave a Reply

Your email address will not be published.