Should you wait and buy? Will home prices be less in the future? In this real estate market update, I discuss the history of the supply of homes along with the history of the 30 year fixed rate mortgage average and how low supply and interest rates are the catalyst behind buyer’s pushing up home prices. We also take a look at housing affordability and how it’s changed in the last year or so and what to expect as we move into the next phase of this housing market.
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Articles Referenced in this real estate market update:
Monthly Supply of Houses in the United States – https://fred.stlouisfed.org/series/MSACSR
30 Year Fixed Rate Mortgage Average in the United States – https://fred.stlouisfed.org/graph/?g=NUh
Median Sales Price of Existing Homes in the United States – https://fred.stlouisfed.org/series/HOSMEDUSM052N
I hope you appreciate this update on the real estate market 2020 for the housing market 2020 california as well as this real estate market update from your local Huntington Beach Real Estate Realtor, Jeb Smith.
Please let me know your thoughts below: what are your predictions for the housing market 2020 forecast and the housing market 2020 california? After watching this video, do you believe you should be buying a home this year or if now is the best time to sell a house?
Do you believe a house market crash 2020 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate?
Connect with me👇:
Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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