Housing Market Flipping Once Again: NEW Report

Homebuyer alert: After 3 consecutive months of declines, pending home sales skyrocketed well ahead of analysts’ expectations. This is from a new housing market report that was just released yesterday. Is this a sign that the housing market is surging once again or will this be a temporary trend? What implications does this have on home buyers and sellers?

In today’s housing market update, I discuss the latest real estate market news and I also share the latest housing update regarding mortgage interest rates because mortgage rates have been increasing significantly since August 3rd, 2021.

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According to data from the National Association of Realtors (NAR), pendings rose 7.5% from September 2021. In addition, all major regions in the US reported an increase of contracts signed from a month ago. Houses in the US are still selling faster on average now compared to this time in 2020 and 2019.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 3.2% for the current mortgage rates (at the time of filming this video). 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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Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
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 Realtor with Realty One Group in California under DRE 01923240.

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