Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Housing Wire

APRIL 25, 2023

However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. To remain in the market and stay competitive, many buyers are looking at lower priced homes to stay afloat, with homes in the lowest price tier seeing the most competition and price growth early this spring.”

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Housing Wire

FEBRUARY 24, 2023

Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction. As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. However, this isn’t how inventory grows in America.

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Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

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Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. months and below, this is an excellent market for the builders. million level we saw in 2005.

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Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. And expedient.

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Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. This is below the recession levels of 2000 and back to 1996 levels. This is 12.6

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Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. Granted, mortgage rates were not terrible.

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Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

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Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. 2022 was down in sales from 2021 just like this past year , and at that time , many were concerned that it was a sign the market was about to crash, something Anthony has repeatedly dispro ved. Sales Decline by 21.7%

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Lamacchia Realty

JANUARY 25, 2024

As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. The subsequent year’s slower market activity reflects a shift towards equilibrium.

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Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Lamacchia Realty

DECEMBER 28, 2022

Adjustment years tend to happen every 8-10 years for the market to reset for its next decade-long run. Though real estate markets can vary from one local market to another, the majority of the overarching market trends are happening everywhere on a grander scale right now. What Does This Mean for 2023 Home Sales?

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Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

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Will Springer Realtor

OCTOBER 10, 2023

Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead. First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. 1 and Oct.

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Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Days on Market: 107.

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Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears.

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Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. We’ve seen a massive change in housing inventory. But is it because sellers are rushing to list their homes?

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Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. At the same time, many others found themselves reluctant to market their homes amid a fear of not having a clear replacement strategy. days (November 2021). =.

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Real Estate Buyers Construction Sellers 69

Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. Prospective home sellers are smart people. Yet, securing insurance coverage is proving to be an increasingly daunting task. ELECTION YEAR EFFECT?

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Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. He designed the estate, completed in 2000, from the ground up. As we all (should) know, any person or company.

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Appraisal Today

SEPTEMBER 1, 2023

Examples of verification sources include, but are not limited to, the buyer, seller, listing agent, selling agent, and closing documents in certain situations. Hubel explains: “I’m assuming the hot water heater just had a leak, so [the seller] cut out the subfloor and then never replaced it before listing it.” A Man On a Mission!

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Appraisal Contracts Mortgage Real Estate 78

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. However, supply remains near historically tight levels and home prices remain high, keeping the market competitive.”. market in the last decade, reported FilterBuy.com. The company, using data from the U.S.

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Will Springer Realtor

JULY 9, 2021

Others are in pursuit of a tight-knit community that has a market, pharmacy, restaurants, coffee shop – and an amusement ride like our Great Wheel (just kidding!) – within a short drive, transit ride or easy walk. I am often asked by sellers what home projects should they address to get the highest return on investment. households.

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Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% A sliver of a silver lining developed in our still-hot housing market, as King County saw more homes for sale at the end of July than 31 days earlier. Months of inventory improved slightly from June but remain extremely low. million to 6.8

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Will Springer Realtor

NOVEMBER 10, 2023

Horton, Lennar and Toll Brothers: National builders comprise 41% of the new home market; D.R. The overall total was only 19% in 2000. Our market earned a score of 57.1, Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Horton leads the way with a 12% share. CoworkingCafe ranked U.S.

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