Homebuyer competition drops to the lowest level since 2020, yet sold prices go up!

What’s next for the Housing Market - Fall 2022

It looks like the FED is on a mission to crash the real estate market, but will it happen? Let's take a look at 3 things that give us a clearer picture of what is happening in the real estate market right now.  We'll dive into a Fortune Magazine article that outlines these things for you starting with the regional housing markets that are dropping fast and a lot of them tend to be in California.  Fortune Magazine Article: https://fortune.com/2022/09/18/housing-market-downturn-moves-into-second-stage-falling-home-prices/ [https://fortune.com/2022/09/18/housing-market-downturn-moves-into-second-stage-falling-home-prices/] #housing #realestate #TristanAhumada #RealestateCrash #RealEstateCorrection #HousingMarket

Will The Housing Market Crash? | August 2022

If you've been following the news you are probably confused as to what's actually happening. We are hearing two sides to the real estate market. Will it crash or will it "normalize"?  From the data points we have studied and researched we definitely don't see a crash, but we know that the real estate market is regional and different areas will be affected more so than others. Come with me as I dive into some data with you so you can understand what's really happening.  Redfin Article on Housing Market Update. New Listing fall 12% https://www.redfin.com/news/housing-market-update-new-listings-fall-12pct/ Fortune Magazine article on The market not crashing https://fortune.com/2022/08/08/new-home-prices-falling-homebuilders-oversupply/ California Stats are behind a paid wall for Real Estate Agents on CAR.org  #HousingMarket #HousingMarketUpdate #TristanAhumada

Why are mortgage rates dropping so fast? | How will a recession affect Real Estate

Real Estate is a very perplexing thing right now. One minute it's going to crash, the next it's going to keep going up... Mortgage rates fell hard this week and according to Bank of America's research team, the rates will continue to drop.   Are we in a recession? If we're not then what will that do to Mortgages and to real estate? Some great questions that we are going to dive into right now. Let's talk Real Estate.  The housing market correction takes an unexpected turn https://fortune.com/2022/08/02/housing-market-correction-mortgage-rates/ What is a recession?  https://www.investopedia.com/terms/r/recession.asp Mortgage Applications start picking up again, just a tiny bit https://www.cnbc.com/2022/08/03/mortgage-applications-inch-up-for-the-first-time-in-five-weeks.html #Recession #RealEstateCrash #MortgageRates #Tristanahumada #RealEstate

The Housing Crash of 2022 | What You Need To Know!

It's here! We have more data and we can now dive into what is going to happen. The housing market has definitely taken a hit in the last few months. Mortgage rates are up and price cuts are practically everywhere. What you aren't realizing though, is that the housing market is regional.  Let's take a look at this interactive map put together by Fortune Magazine with the data from Corelogic. We will take a look at areas on the West Coast and the East Coast to better understand what cities will be hit the most, and which ones won't be hit.  Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market: https://fortune.com/2022/07/24/how-likely-home-prices-to-fall-in-you-local-housing-market-housing-chart/ #Housing #TristanAhumada #RealEstate #Investing #HousingCrash

Homebuyer competition drops to the lowest level since 2020, yet sold prices go up!

Homebuyer competition drops to the lowest level since 2020. The top three areas that now have lower competition according to Redfin Data are Tampa, Riverside, and Phoenix.  The list-to-sell ratio is still high in many areas, over 100% although we have seen price cuts all throughout the housing market across the United States. Let's see what the numbers say for each of these areas.  Articles I talked about and used Redfin Data on the home competition in the United States. Homebuyer Competition Drops to Lowest Level in Over Two Years. https://www.redfin.com/news/real-estate-bidding-wars-june-2022/ List/Sell Ratio and what does it mean https://www.beverly-hanks.com/blog/what-is-a-list-to-sell-ratio-and-what-does-it-tell-a-homebuyer-or-seller/ List/Sell Ratio stats over the years https://www.statista.com/statistics/1242369/home-sale-to-list-price-ratio-usa/ The Median Sale Price is up again https://www.nar.realtor/newsroom/existing-home-sales-slid-5-4-in-june The Median Home Price for existing homes sold is up. https://www.cnbc.com/2022/07/20/june-home-sales-fall-5point4percent-from-may-as-prices-set-yet-another-record.html #TristanAhumada #RealEstate #Crash #Bubble #Economy #Inflation #RealEstate2022 #RealEstateAgents