According to a recent Redfin housing market update, 15% of home sellers are backing out of the real estate market. We'll talk about what this means to you and how it might affect the real estate market.

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📒 Show Notes 📒
1️⃣ Chapter Markers
0:00 - Intro
0:24 - Timestamps & Resources are in the Video Description
0:31 - Redfin Housing Market Update
1:17 - Current Mortgage Rates (31 Aug 2022)
2:11 - Redfin Reports New Homes for Sale DROP 15%
4:11 - Why Home Sellers Aren't Selling (At Least Some Cases)
4:39 - Current Nationwide Monthly Rental Rates (31 Aug 2022)
5:43 - Redfin Reports the Median Home Sale Price
6:18 - Pending Home Sales PLUMMET
6:37 - HUGE Jump in Monthly Mortgage Payments YoY
7:31 - How Mortgage Rates Affect Monthly Mortgage Payments
8:38 - Here's What Could Happen IF the Federal Reserves Keeps Hiking Rates
9:00 - If You are Buying a Home or Selling a House - Check this out FIRST!
10:56 - Outro

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QUESTION ❓ - What concerns you the most about the current housing market?

🎬 About: In this video, you'll learn about Redfin's recent housing market update, what to expect from mortgage rates, how mortgage rates affect monthly mortgage payments, plus more.

Andrew Finney
Trusted Real Estate Advisor/ USMC Veteran
S.0173260
www.andrewfinneyteam.com

King Realty Group
6955 N. Durango Drive Suite 1004
Las Vegas, NV 89149

Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.

#housingmarket #housingmarketupdate #realestate