July 2024 Redfin Housing Market Update
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- เผยแพร่เมื่อ 26 ส.ค. 2024
- NEW report from Redfin: home sales posted the biggest year-over-year decrease in 4 months yet housing inventory is still climbing. Meanwhile, the US median sale price reached a new record high yet price reductions soared to at least a three 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).
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Compilation of Housing Market Forecast videos:
• Housing Market Predict...
Sources of the Reports I Shared in Today’s Video:
www.redfin.com...
www.redfin.com...
www.mortgagene...
www.icemortgag...
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).
For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender.
#Redfin #realestate #housingmarket
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Compilation of Housing Market Forecast videos:
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PLEASE CONCENTRATE ON OUTRAGEOUS HOME PRICES THAT DOUBLED SINCE THE PANDEMIC AND NOT INTEREST RATES. THE PROBLEM IS HOME PRICES NOT INTEREST RATES.
Realtors don't speak about homes prices. Conflicts with their pay check. PSA: Set 6% realtor commissions are no longer a thing because of the lawsuit against the NAR for driving up home prices. Commissions can be negotiated. Moral: negotiate, negotiate, negotiate; commissions and home prices. Depending on the area, home prices are up 40% in 4 years. We have to get these home prices down. Be protective of your money! Home prices are only what buyers are willing to pay! We have to send the message!
💯
Why are you yelling at me?
Say it again for the people in the back.
Government spending increased 25% since 2020. That money has to find a place to land. The people that got those moneies, many through fraud, are having no trouble buying up houses.
Most people in this generation does not understand interest rate has been as high as 14% to 18% historically, thats why people need to save money for a down payment.
Corporate buyers can sit on large housing portfolios forever and do so to keep $ up These large investors who see too much risk in commercial real estate are moving money into single family homes and condos to either hold or rent. No incentive to sell. Don’t think it’s the group who have the low mortgages. Last year’s cash buyer was around 42% . Govt needs to limit corporate buying and foreign investment as other countries do-and make sure it’s actually policed so that simply starting another LLC allows you to start buying again. Corporate greed (price gauging) is destroying the American dream. Enough!
Great information here!
At least Redfin will be less confused with Redbox from now on.😂
Great vid
It's crazy how you're paying a higher monthly mortgage compared to three years when people were locked into a 2.8%. Another crazy thing is house prices haven't gone down, which the lender is giving a less amount to loan. Now the buyers pays less for a house, puts more down, or just willing to have a higher monthly mortgage payment.
What?
@@user-dn5ud1cr3b what to what? Not smart enough to figure what I am talking about? Dumbest reply ever
When do the new NAR rules regarding commissions go into effect?
August 17, 2024
@JasonWalter1 thank you. It will be interesting to see how many sellers will choose to pay for the buyer agents' commission.
Great Nerdy TGIF Jason by my dumb math!🤣😂
Always a great day to get nerdy! Hope your 4th was great.
@@JasonWalter1 it was👍 & I hope you and the family had a safe & sane 1 as well 😊
WooHoo, don't spend that whopping $100.00 all in one place!
Seriously! lol
MaC-D it is
Wow down $100! Only 900+ more to go woo-hoo! Lol
Made rush to buy houses now lol
Balanced market
Mahalo 🤙🏽🌴🇺🇸
All these reports seem topsy turvy. In another set of news, apparently jobs added another 200k
True. Data coming in is varied. More jobs added in June than expected but unemployment rose from 4.0% to 4.1%.
Wait for the job numbers revision
@@Kurplode Correct. The numbers corrected DOWN for 7 of last 9 months. Weird.
@@user-dn5ud1cr3b"Great" numbers get trumpeted by the media while revisions get little coverage. Gotta prop up this economy to keep this bureaucracy in power.
200k more part time dog walkers and uber drivers. oh and security guards to bust skateboarders 🎉
Latest Report: Housing market crash is not here. Meanwhile Florida is a shit show.
2nd.
Good morning Courtney! Hope you had a great 4th.
@@JasonWalter1 I had a great 4th. I hope you did, too.
"Housing Market"
1😊
Good morning!
Time for someone in the family to get a second job. Crying about it will not get it done.
Who's crying?