“Homebuyer demand softened further” according to a recent report from Redfin as mortgage rates skyrocketed to nearly 5.5% and seller’s reduced their asking prices in greater numbers. I share all the details in today’s housing market update.
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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 5.4% for the current mortgage rates (at the time of filming this video).
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 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.
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#housingbubble #housingcrash #Redfin
Originally published at https://www.youtube.com/watch?v=xwwrduIrUHY
This news story originally appeared at Real Estate - Trend Magazine on 1 May 2022