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To give you a housing market update, The National Association of Realtors (NAR) released their quarterly report on metro home prices in the US and today they released Q1 with some jaw dropping numbers. Nearly every single metro area that NAR tracks (99%) had a home price increase in the 1st quarter of 2021. For comparison, only 25% of metro areas saw this level of growth in Q1 of 2020.
In mortgage loan forbearance news, Black Knight reported that the number of homeowners in loan forbearance dropped by 100k last week. Now, 2.2M homeowners are in mortgage forbearance and that’s down from almost 5M from almost exactly a year ago.
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr FRM is 3.09% and mortgage rates have been more or less declining since April 1st, 2021 which is mixed news if you’re a homebuyer right now or but great news 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 is your housing market predictions that the real estate market 2021 and home prices 2021 will continue to surge?
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***
Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
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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):
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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 Realtor with Realty One Group in California under DRE 01923240.
#realestate #housingmarket #homeprices