On this channel, I also share real estate market news, real estate market trends, updates on mortgage loan forbearance and information regarding the California housing market and the Sacramento real estate market from a Sacramento Realtor and CPA. I typically don’t make too many real estate market predictions in this video but I hope you appreciate the transparency about real estate 2020 trends so you can make your own informed housing market forecast 2021 to determine if the market will reach new highs or if there will be a housing crash 2021.
First off, I share a housing market report from Realtor.com that showed the median list price has increased 12.2% year over year, active listings have decreased 38% YOY and days on the market is 14 days faster YOY.
Also, according to the Mortgage Banker’s Association (MBA), “commercial and multifamily mortgage loan originations were 47 percent lower in the third quarter compared to a year ago, and increased 12 percent from the second quarter of 2020.” This is in line with US multifamily (5+ units) housing starts because those have decreased 17.4% when you compare Sept 2020 to Sept 2019 (according to the US Census Bureau).
I also share a report from Black Knight that stated condos have been underperforming in 2020; whereas, single family homes have been over performing as more people seek larger houses with more space during this pandemic. They also reported that in San Francisco County, active listings for condos have skyrocketed during this pandemic.
Lastly, the MBA stated that mortgage applications increased 3.8% from one week earlier.
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Videos like these tend to take hours to make due to all the research about the real estate market 2020 so I hope you appreciate this housing market 2020 forecast as well as this California housing market report from a licensed CPA (#103885) and Sacramento real estate agent (DRE #01923240).
Comment below: do you think there will be a housing market crash 2021, real estate bubble or will real estate continue to accelerate due to low inventory and low interest rates? Or do you think a housing crash won’t happen?
Jason Walter, CPA (lic #103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE #01923240)
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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.
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