The 2023 US housing market is ever-changing! Here’s the latest housing market update based on a new report which shows how this year compares to pre-pandemic levels (2017-2019) as well as the past few years. For example, housing inventory in the US (i.e. the number of homes for sale) is up by about 60% from a year ago but there’s still about 50% fewer homes for sale now compared to pre-COVID levels. Even though there’s far more houses for sale now compared to a year ago, home buyers are still up against an affordability challenge as rates have increased by nearly two percentage points (1.8 percentage points as of 3/31/23) and home prices are on the rise once again this year.

In today’s video, I share this new housing market update from Realtor.com for the month of March 2021 and the impacts that these trends could have on our US housing market in the weeks and months ahead. Enjoy! Subscribe and Like!

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Report I covered in today’s video:
https://www.realtor.com/research/march-2023-data/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.6% 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?

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Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

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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.

#Redfin #housingmarket #Realtor