The California housing market is in trouble as virtually every metric is signaling a slowdown in the California real estate market. For example, the number of homes for sale in California skyrocketed 55% in July and this is after a 64% gain from June 2021 to June 2022. But despite the fact that housing inventory skyrocketed, pending home sales dropped 39% on a year over year basis (the 2nd worst decline since the pandemic shut down). Also, home sales in California dropped big time again - 31% drop from July 2021 (in June sales dipped by 21%). This is your latest California real estate market update from a new report from the California Association of Realtors.
➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area
https://homeandmoney.com/jason
Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 5.7% 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?
----------------------------------------------------------------------------------
Products I use and like: ad
Tubebuddy https://www.tubebuddy.com/jason808
Virtual Assistants https://bit.ly/3lYRujQ
***
Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73
➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh
Royalty Free Music from Bensound
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 with Realty One Group in California under DRE 01923240.
#Californiahomes #homeprices #California
0 Comments