This is a YouTube video titled "Ep 76 🚨 Latest Trends in the Housing Market 🚨" containing a monologue or presentation discussing recent statistics and trends in the housing market as of September 2021, including purchase applications, cash buyers, refinancing, median home prices, and pending home sales. There is only one speaker providing market analysis without any dialogue.
Purchase applications drop 3% in just the last week. There's also been a big influx of cash buyers in the market that now makes up 23% of all offers, up from 16% last year. Refis are holding steady. Rates are super low. So even with people refinancing for the last two years, still in the last week, refi applications are up 3%. Median home prices are up 16%. Now the median home is 361 grand. Pending home sales up 10% in the last year. And the Redfin purchase demand, that's a study that shows potential buyers requesting showings that's up 20% in just the last year. So all signs are pointing up in the home market. It.
