Pending Home Sales Dropped Again: Housing Market Update

The housing market reversed yet again. Pending home sales DECREASED in June. I share all the details including an update on home prices thanks to a brand new report from Corelogic.

According to the National Association of Realtors (NAR), pending home sales reversed course yet again, decreasing by 1.9% from May to June 2021. This is after existing home sales in the US have dropped for FOUR out of the last FIVE months (per NAR) and new home sales have decreased for THREE months in a row per the US Census Bureau.

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In addition, the much anticipated Corelogic S&P Case-Shiller home price index for May was released this week and that index was up over 16.6% from a year ago. That is the largest gain in their almost 35yr history. April’s stats broke the previous record.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr FRM stayed steady at 2.86% today 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?

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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.

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Видео Pending Home Sales Dropped Again: Housing Market Update канала Jason Walter