Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.

Sellers 74

Sellers Inventory Buyers Realtors 74

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

APRIL 15, 2022

Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low.

Marketing 66

Marketing Sellers Buyers Inventory 66

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Appraisal Today

FEBRUARY 9, 2024

I am so glad I quit doing residential lender appraisals in 2005! = That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.80 I was not aware of my bias.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Lamacchia Realty

JANUARY 27, 2023

Below is a graph that illustrates home sales per year since 2005. Sellers were still able to sell at a premium because inventory was low enough that despite rates, buyers paid what they had to. Rates don’t just impact buyers- they impact sellers too as most sellers are buyers! Prices Increased 8.7%

Inventory 63

Inventory Buyers Real Estate Sellers 63

Lamacchia Realty

JANUARY 28, 2022

Homes Pending (contract accepted) – All of NH. In 2021 there were 27,131 homes listed for all of NH and 26,354 homes marked pending with accepted contracts. Seller Resources. Supply is being consumed at almost the same rate that it’s being made available, which we refer to as the Pac-Man effect. Additional Resources.

Buyers 45

Buyers Contracts Inventory Real Estate 45

Will Springer Realtor

JANUARY 3, 2023

Supreme Court decision ruled the covenants as enforceable contracts. A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. The local effort to remove racist language from property documents dates to 2005 as part of a project at UW’s History Department.

Real Estate 36

Real Estate Technology Investing Legal 36

Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? We’ll dive into how the current real estate market is affecting buyers, sellers, and investors with Ellen Steele, a Realtor with ListingSpark that has had over $10M in sales in the last 12 months.

Real Estate 36

Real Estate Sellers Buyers Real Estate Agent 36

Appraisal Today

OCTOBER 27, 2023

Speaking of surprises, a recent Zillow analysis finds most states don’t require sellers to disclose paranormal activity in the home they’re selling. I quit all residential lender appraisals in 2005 due to the cyclicality. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.52

Property Appraisal 72

Property Appraisal Appraisal Business Contracts 72

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. As you can see, sales levels were never elevated like what we saw from 2002-2005. The only way this happens is by higher rates.

Housing Market 392

Housing Market Inventory Construction Marketing 392

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. This means we won’t be working from record-breaking demand of high sales like we did at the peak of 2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

Construction 370

Construction Housing Market Sellers Marketing 370

Appraisal Today

JUNE 3, 2022

Sellers, it’s time to listen. Sellers could sell and relocate to an area with much lower home prices, which a friend of mine recently did. Hopefully, it won’t stay the same as long as the 2005 URAR. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 5.20

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

FEBRUARY 24, 2023

In 2005 I finally quit all residential lender work due to the huge ups and downs in business. However, our analysis finds multiple other plausible explanations for under valuations of this magnitude such as the greater presence of first-time homebuyers or seller concessions. In the early 1990s, my market crashed. percent from 6.39

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

DECEMBER 9, 2022

31% of women and 27% of men signed up for Social Security at age 62 in 2018, down from around 54% of women and 50% of men in 2005, according to Social Security Administration data. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.41 percent from 6.49

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Even in the housing bubble of 2005, prices rose “only” 12% nationally.) With more sellers expected to enter the market as buyer competition remains fierce, we anticipate strong home sales growth at a more sustainable pace than in 2021.”.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Housing Wire

FEBRUARY 16, 2023

If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now. Homebuilders are efficient sellers of homes because it’s like a commodity to them; they don’t have to look for shelter after they sell or have a 3% mortgage rate they have to give up after they sell.

Construction 483

Construction Housing Market Inventory Mortgage 483

Housing Wire

JANUARY 22, 2021

Warren Buffett, one of the biggest investors, divested all GSE holdings between 2003 and 2005. When smaller lenders and nonbank lenders look back to that time, assuming they were active sellers to the GSEs at the time, they all know where the root of the unleveled playing field came from. Then came the “Alliance Agreements.”

Government 514

Government Finance Investors Marketing 514