NEW October 2020 Real Estate Update – Housing Market 2020

What is new within the housing market since our final Real Estate Update? Are dwelling gross sales persevering with to climb or are we beginning to see a pull again in costs? Can the Real Estate Market proceed at this tempo or will stock rise inflicting purchaser demand to drop? In this video, we focus on new information from the National Association of Realtors on Existing Home Sales and Pending Home Sales together with statements from the Fed together with info on the Consumer Confidence Numbers.

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Articles Referenced on this actual property market replace:

➡➡Existing HomeSales Data for August 2020

➡➡Pending Homes Sales Data for August 2020

➡➡Fed sees rates of interest close to ZERO till 2023

“Existing-home sales continued to climb in August, marking three consecutive months of positive sales gains, according to the National Association of Realtors®. Each of the four major regions experienced both month-over-month and year-over-year growth, with the Northeast seeing the greatest improvement from the prior month.”

“Total housing inventory3 at the end of August totaled 1.49 million units, down 0.7% from July and down 18.6% from one year ago (1.83 million). Unsold inventory sits at a 3.0-month supply at the current sales pace, down from 3.1 months in July and down from the 4.0-month figure recorded in August 2019.”

“Properties typically remained on the market for 22 days in August, seasonally equal to the number of days in July and down from 31 days in August 2019. Sixty-nine percent of homes sold in August 2020 were on the market for less than a month.”

“Distressed sales5 – foreclosures and short sales – represented less than 1% of sales in August, equal to July’s percentage, but down from 2% in August 2019.”

“Pending home sales in August continued to move upward, marking four uninterrupted months of positive contract activity, according to the National Association of Realtors®. Each of the four major regions experienced growth in month-over-month and year-over-year pending home sales transactions.”

I hope you admire this replace on the true property market 2020 for the housing market 2020 california in addition to this actual property market replace out of your native Huntington Beach Real Estate Realtor, Jeb Smith.

Please let me know your ideas beneath: what are your predictions for the housing market 2020 forecast and the housing market 2020 california? After watching this video, do you consider you ought to be shopping for a house this yr or if now’s the perfect time to promote a home?

Do you consider a home market crash 2020 or actual property bubble will occur? If so, why? What are your ideas on the Orange County actual property market and the potential actual property crash for orange county actual property?

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Jeb Smith (Huntington Beach Realtor/orange county actual property)
DRE #01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳

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