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NEW Report: California Housing Market Update

Home prices in California fell to a 11-month low with homes selling below the seller’s asking price on average. However, home sales in California bounced back to a certain degree, rising year-over-year for the first time in the last 31 months. This gain is likely due to decreasing mortgage rates in November and December 2023 which caused an increase in homebuyer demand. Sales still remain muted though as they are at historical low levels despite the increase from the previous month and year. I share these trends and much more including California’s pending home sales, price reductions, home sales and much more. This is your latest California real estate market update based on a new report from the California Association of Realtors that covers the month of January (link below). Interested in buying or selling a home in the greater Sacramento area? Email me at: [email protected] ➜ PLAYLIST: Videos about Living in Sacramento https://bit.ly/2TkXZSh ➜➜➜ Want videos edited for YouTube? For details, please email me at [email protected] ➜➜➜ Get Connected To a GREAT Real Estate Agent here: http://www.realestateteamfinder.com Compilation of Housing Market Forecast videos:    • Housing Market Forecast videos   Report I covered in the video: https://www.car.org/en/aboutus/mediac... To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.1% 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? ---------------------------------------------------------------------------------- Products I use and like: ad My Gear I Use for YouTube: https://www.amazon.com/shop/jasonwalter Tubebuddy https://www.tubebuddy.com/jason808 *** Jason Walter, CPA (inactive CPA lic 103885) Sacramento real estate agent and native (DRE 01923240) Mortgage Loan Officer, NMLS #2566691 Revest Homes (DRE #02174879, NMLS 2362319) [email protected] ➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜ To never miss a video about real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73 Royalty Free Music from Bensound 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 Revest Homes in California under DRE 01923240. #housingmarket #California #CaliforniaRealtor