The U.S. housing market is about to flip! Housing affordability hit a new all-time record low as the average monthly housing payment of would-be homebuyers reached a new record high according to Redfin and the Mortgage Bankers’ Association (MBA) this week. To make matters worse, average daily rates for 30yr fixed mortgages surged to a
Selling Real Estate
Mortgage rates rise to historical averages as housing market crashes into summer! #housingmarket #realestate #mortgage Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor. Any information provided in this and any of Sachs Realty’s videos and/or descriptions are for entertainment purposes only and not to be construed
The housing market is about to flip! Mortgage rates have skyrocketed to over 7% while the median sold price has increased 10% since February this year. Home buyer demand has been decreasing and home owners are still reluctant to sell due to many holding onto extremely low mortgage interest rates. In today’s video, I share
In this eye-opening housing market update for May 2023, we dive deep into the real estate insanity that has gripped the nation and explore whether we are on the brink of a housing crash. Join us as we unravel the complexities of the current housing market and shed light on what this all means for
Erin Sykes, chief economist at Nest Seekers International, discusses the state of the housing and mortgage market, and says a key metric to watch is how many days a property is listed.
New housing market forecast just in! Fannie Mae’s housing market predictions: home sales of existing houses in the US will fall to a 13 year low (lowest levels since 2010). Their real estate market predictions are also calling for home prices to fall in 2023 and then fall further in 2024. In today’s video, I
The Housing Market Forecast Isn’t Looking Great as Home Prices Posted Largest Annual Drop in More Than 11 Years in April while U.S. existing home sales post second straight monthly decline. In addition we have Consumer debt passes $17 trillion for the first time despite slide in mortgage demand. When will the FED Pause Or
Home prices in California fell 7.8% from April 2022 to April 2023. That is the biggest annual decrease since Oct 2011. However, despite this the median sold price in California is up by 9% year to date. A big problem is low supply as new listings fell on a year-over-year basis for 10 consecutive months.
“A debt ceiling default would send the U.S. housing market back into a deep freeze.” In today’s video, I share a potential scenario of what would happen to the US housing market if the Federal government was unable to raise it’s debt ceiling and default on its debt for the first time in history. This
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This builder is in deep trouble. They built a $4 Million House in Nashville that has been on the market for over a year and is NOT SELLING. That’s because there’s been a major collapse in the sale of luxury homes on the US Housing Market. Data from Redfin shows sales of million dollar properties
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It happened… Zillow did it yet again! They upwardly revised their housing market forecast and real estate market predictions for 2023. In today’s video, I share their latest real estate market forecast for the US housing market. ➜➜➜ Get Connected To a GREAT Real Estate Agent: Jason Compilation of Housing Market Forecast videos: Report I
The California Housing Market has been on a tear due to strong buyer demand on top of a lack of inventory for sale. At the same time, we’ve seen the California median home start to rise after several months of declines as inflation starts to moderate. What should you expect for the California Housing Market
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