Here’s How Much Equity Homeowners Have Lost Already

Here’s How Much Equity Homeowners Have Lost Already

Due to home prices declining since the record highs seen in June this year, homeowner equity has been decreasing at a rapid pace. According to a new report from Black Knight, “$1.3T (-7.6%) in recently added equity vanished from the market in the third quarter, the largest quarterly dollar decline on record, and the largest on a percentage basis since 2009.” This could also look worse in the months to come given the fact that average mortgage rates have been above 7% since early-October.

In today’s video, I also share a new report from the Mortgage Bankers’ Association which showed that demand for loans to buy houses hasn’t been this low since early 2015.

➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area
https://homeandmoney.com/jason

Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Report I cited regarding mortgage applications:
https://www.mba.org/news-and-research/newsroom/news/2022/11/09/mortgage-applications-decrease-in-latest-mba-weekly-survey

Black Knight report:
https://www.blackknightinc.com/black-knights-september-2022-mortgage-monitor/?&

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.2% for the current mortgage rates (at the time of filming this video for those with exceptional 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
Tubebuddy https://www.tubebuddy.com/jason808
Virtual Assistants (video editing) https://bit.ly/3lYRujQ

***
Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73

➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh

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 Realty One Group in California under DRE 01923240.

#homeprices #mortgage #interestRates

Black Knight housing marketRedfinZillow

Post a Comment

0 Comments