“Lock-in Effect” is Easing as New Listings Climb to Nearly 3yr HIGH

Supply is now outpacing demand as the number of newly listed houses is rising by double digits from a year ago yet pending home sales (a measure of the amount of purchase contracts being signed) is declining. For example, pending home sales during the four weeks ended 3/17/24 is at least a 3-year low during the same time frame but housing inventory is at least a 3-year high.

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). Thank you for watching the video! I appreciate you. Please like, share this video and subscribe!

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Sources of the Reports I Shared in Today’s Video:
https://www.redfin.com/news/housing-market-update-supply-climbs-prices-increase/

https://www.redfin.com/news/data-center/

https://www.mortgagenewsdaily.com/mortgage-rates

https://www.mba.org/news-and-research/newsroom/news/2024/03/20/mortgage-applications-decrease-in-latest-mba-weekly-survey

https://www.mba.org/news-and-research/newsroom/news/2024/03/19/february-new-home-purchase-mortgage-applications-increased-15.7-percent

https://www.showingtime.com/daily-showing-activity/

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)
Mortgage Loan Officer, NMLS 2566691
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

Видео “Lock-in Effect” is Easing as New Listings Climb to Nearly 3yr HIGH канала Jason Walter
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