Homebuyers Canceling Contracts in Record Numbers

HomeGames, Other ContentHomebuyers Canceling Contracts in Record Numbers
Homebuyers Canceling Contracts in Record Numbers
Homebuyers Canceling Contracts in Record Numbers
The number of homebuyers backing out and canceling their contracts to buy houses just increased to a record high. On top of that closed home sales this October dropped to a 11 year low, excluding the onset of COVID (May 2020). I share this along with many other housing market trends for the United States based on Redfin’s latest housing market report (link below).

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?listPLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Report I discussed:
https://www.redfin.com/news/housing-market-tracker-october-2023/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.4% 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 (CPA lic 103885 – inactive)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]

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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.

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#Redfin #realestate #housingmarket

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