First-time Homebuyers are Getting CRUSHED

Despite existing home sales in the US rising to their fastest pace in the last TEN months, first time home buyer sales have been dropping. In today’s housing market update, I discuss the latest real estate market news including an update on home prices, housing inventory, investor purchases, and much more! According to data released today from the National Association of Realtors (NAR), sales of previously owned homes, which include single-family homes, townhomes, condos and co-ops, rose 1.9% in November from October 2021 to a seasonally adjusted annual rate of 6.46 million in November. Existing home sales have now risen for 3 months in a row. ➜➜➜ SUBSCRIBE FOR MORE VIDEOS here ➜ Jason Walter, CPA (lic 103885) Sacramento real estate agent and native Realty ONE Group Complete (DRE 01923240)

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I post frequent housing market updates and real estate related topics for the USA so you can make a more informed decision about whether or not to buy/sell a house.

Sacramento, CA

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