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95% of Major US Cities are Now Unaffordable

May 17, 2022



Mortgage rates are at the highest levels since 2009 and US home prices have increased by double digits compared to a year ago. In addition, almost all major US markets are less affordable than they have ever been. Also, housing affordability is close to all time record lows. This is thanks to a new report from Black Knight.

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To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 5.5% for the current mortgage rates (at the time of filming this video). That’s up ~2% YTD for the average 30yr fixed rate mortgage.

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Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]

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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 with Realty One Group in California under DRE 01923240.

#housingmarket #housingbubble #realestate

Originally published at https://www.youtube.com/watch?v=Z9zsMpSfqQk

This news story originally appeared at Real Estate - Trend Magazine on 17 May 2022