Home Prices Dropped! Good News For Homebuyers

Selling Real Estate
Home prices dropped AND housing inventory has increased for FIVE consecutive months! Is the housing market cooling further? In today’s housing market update, I discuss the latest real estate market news per NAR and I also share the latest housing update regarding mortgage interest rates.

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According to the National Association of Realtors (NAR), after 4 consecutive months of home price records being broken, the median sold price finally decreased in July. In addition, existing home sales continued their ascent in July, marking the 2nd straight month of increases. Sales grew by 2.0% from June.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 2.93% 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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Why Aren’t Home Prices Dropping? Housing Market 2020

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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.

#homeprices #housingmarket #realestate

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