Pending Home Sales Continue to Falter: Housing Market Update

Selling Real Estate
The housing market just went negative yet again. Pending home sales in the US have DECREASED over the last 2 months in a row. I share all the details in today’s housing market update including a real estate update on home prices thanks to a brand new report from Corelogic.

➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area


➜➜➜ Or, email me if you’re looking to buy or sell a home in the greater Sacramento area (w/n ~30mn drive from Sacramento): [email protected]

According to the National Association of Realtors (NAR), pending home sales decreased by 1.8% from June to July 2021. In addition, year-over-year contract signings slipped 8.5%. On a regional level, only the West had an increase in contract signings from June but all 4 major regions recorded year-over-year decreases.

This is after existing home sales in the US have increased for the last 2 consecutive months but this is only the 2nd increase over the last 6 months. Also, new home sales slightly increased last month following 3 consecutive months of decreases per the US Census Bureau.

In addition, the much anticipated Corelogic S&P Case-Shiller home price index for June was released this week and that index was up 18.6% from a year ago. That is the largest gain in their almost 35yr history. This is following April and May’s previous record home price gains.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr FRM stayed steady at 2.92% today for the current mortgage rates. 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?

Products I use and like: ad
My webcam
Virtual Assistants/video editors

My no. 1 recommendation for real estate licensing in California (the same course I took): ad

Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]
Follow me on Instagram ➜ @SacramentoRealtor

*** FREE Sacramento Area Home Buyer Guide ➜
*** FREE Sacramento Area Home Seller Guide ➜

To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜

More of My YouTube Videos:

Why Aren’t Home Prices Dropping? Housing Market 2020

BEWARE – Why I Cancelled My Mortgage Loan Forbearance Offer

Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):

➜ PLAYLIST: Videos about Living in Sacramento

Moving to Sacramento? Top 10 Reasons to Move Here:

5 Pros & Cons of Living in Sacramento:

Royalty Free Music from Bensound

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.

#realestate #housingmarket #homeprices

Products You May Like

Articles You May Like

Century-old NYC pork store to shutter next month
Creative Real Estate Investing Strategies with Mark Monroe
Pending home sales squeezed out a tiny gain in February, as mortgage rates jumped
The Most Effective Software For Real Estate Investors (Close More Deals!)
Historic White House replica in Oregon lists for $3M

Leave a Reply

Your email address will not be published. Required fields are marked *