Selling Real Estate

Homebuilder: “The market is falling off a cliff.”

Housing affordability dropped to the lowest levels since the Great Recession. It now costs the average homebuyer approximately $982 more per month to buy a new home today versus one year ago. Also, new single family home sales tanked BIG TIME in October per a new report from the North State Building Industry Association for the greater Sacramento housing market. On a year over year basis, new home sales (i.e. sales of new home construction by homebuilders) in the region plunged 51% YOY since April. This is likely due to the huge spike in mortgage rates: rising by about 4 percentage points in the last 12 months.

➜➜➜ Get Connected To a GREAT Real Estate Agent:

Jason

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.6% for the current mortgage rates (at the time of filming this video for borrowers with exceptional credit).

➜➜➜ 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

Compilation of Housing Market Forecast videos:

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 webcam https://amzn.to/2QZMFZt
Tubebuddy https://www.tubebuddy.com/jason808
Virtual Assistants (video editing) https://bit.ly/3lYRujQ

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

➜➜➜ 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:

➜ 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 in California under DRE 01923240.

#homebuilders #newhomes #California

Products You May Like

Articles You May Like

Real Estate Investing Strategies
Elon is about to drop a BOMBSHELL on the Hunter Biden laptop story | Redacted with Clayton Morris
Blackstone Just ENDED The Housing Market | URGENT
Biggest Mistake with Fix and Flip Houses
Influential NYC comedy club Caroline’s closing after 40 years

Leave a Reply

Your email address will not be published. Required fields are marked *