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New Home Sales Fell in August, Inventory is Piling Up

In August, new home sales in the United States unexpectedly fell and home prices also decreased. This is remarkable given that mortgage rates have been decreasing AND the number of new single-family homes for sale in the United States is very close to a 16yr high. In today’s video, I share all the details from a brand new report from the US Census Bureau based on new single-family home construction sales (i.e. purchase contracts signed between a buyer and a home builder) and housing inventory. Link below. Thank you for watching the video! I appreciate you. Please like, share this video and subscribe! ➜➜➜ Want to buy or sell a home in the greater Sacramento area or the San Francisco Bay Area (East Bay)? We would love to help! Email me at: [email protected] ➜➜➜ PLAYLIST: Videos about Living in Sacramento https://bit.ly/2TkXZSh Apply to a mortgage loan here (Jim Black is licensed in CA, TX & OR and Jason Walter is licensed in CA only): https://revesthomes.my1003app.com/256... Or, schedule a free consultation with Jim Black and Jason Walter here: https://calendly.com/d/cmmc-xv2-xx9/j... ➜➜➜ Want videos edited for YouTube? Hire us! For details, please email me at [email protected] ➜➜➜ Get Connected To a GREAT Real Estate Agent here anywhere in the USA: http://www.realestateteamfinder.com Compilation of Housing Market Forecast videos:    • Housing Market Predictions   Source of the reports I shared: https://www.census.gov/construction/n... https://fred.stlouisfed.org/series/HSN1F https://fred.stlouisfed.org/series/HN... https://fred.stlouisfed.org/series/MS... https://fred.stlouisfed.org/series/NH... https://fred.stlouisfed.org/series/MS... ---------------------------------------------------------------------------------- Products I use and like: ad My Gear I Use for YouTube: https://www.amazon.com/shop/jasonwalter Tubebuddy https://www.tubebuddy.com/jason808 *** Jason Walter, CPA (inactive CPA lic 103885) Sacramento real estate agent and native (DRE 01923240) Mortgage Loan Officer, NMLS 2566691 Revest Homes (DRE 02174879, NMLS 2362319) [email protected] ➜➜➜ 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 More of My YouTube Videos: ➜ 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 and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319). For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender. #homebuilders #housingmarket #newhomes