Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. No buyer must use a real estate agent — ever. I am repeating myself but bear with me.

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Real Estate Agent Real Estate Brokerage Agents 412

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. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6

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Construction Housing Market Sellers Marketing 369

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 504

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Inventory Housing Market Construction Marketing 491

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

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Housing Market Inventory Construction Marketing 389

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. However, not to the degree we saw from 2005-2008. million listings.

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Inventory New Listings Law Housing Market 381

Housing Wire

SEPTEMBER 26, 2023

This is why I have called them efficient home sellers. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. From Census: For sale inventory and months’ supply : The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

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Inventory Construction Housing Market Marketing 446

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. million homes, using the NAR data.

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Inventory Housing Market Mortgage Marketing 539

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. million homes, which would mean the madness in the housing market would be over.

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Inventory Housing Market Marketing Modernization 493

Housing Wire

SEPTEMBER 28, 2022

million level we saw in 2005. However, it does show that the builders are in a much better spot to deal with their massive supply, compared to the 2005-2008 period. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. below the August 2021 estimate of 686,000.

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Construction Sellers Inventory Housing Market 450

Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. million homes, which would mean the madness in the housing market would be over.

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Inventory Housing Market Marketing Modernization 404

Housing Wire

MAY 30, 2023

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. I also recently joined Mike Simonsen’s Top of Mind podcast to talk about what’s happened in housing over the past year.

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Inventory Housing Market New Listings Marketing 445

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We are seeing that as a profession again. How do we combat this?

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Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 27, 2023

They have no emotional ties to houses and don’t need to sell a home to buy another one. They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. Also, in the chart below, we can all agree it isn’t housing 2005 or housing 2008 with new home sales.

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Construction Inventory Marketing Buyers 479

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.

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Housing Market Bracketing Marketing Sellers 65

Housing Wire

DECEMBER 22, 2021

Knowing that the housing crash addicts on YouTube , Twitter , Facebook , and Clubhouse would incorrectly push the negative year-over-year data spin, I wanted to get ahead of that narrative. Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market.

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Inventory Housing Market Investors Marketing 455

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. Here’s a closer look at which four factors are creating this never-before-seen market. home prices had risen 15.4

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Housing Market Marketing Inventory Loan Officers 49

Will Springer Realtor

DECEMBER 14, 2021

Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession. Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. What will the 2022 Seattle/King County housing market offer?

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Real Estate Buyers Construction Sellers 69

Housing Wire

APRIL 27, 2022

The one thing housing has going for it now is that we don’t have the speculative booming demand as we saw from 2002 to 2005. From Census: The median sales price of new houses sold in March 2022 was $436,700. The builders have pricing power and they — along with home sellers — have pushed it very hard since 2020.

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Construction Buyers Housing Market Inventory 324

Housing Wire

JANUARY 26, 2022

In reality, as we talked about many times on HousingWire, housing data was going to moderate, find a base and work from that COVID-19 surge in the data. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market. This is 11.9 percent (±20.3 percent (±16.6

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Construction Marketing Mortgage Sellers 404

Lamacchia Realty

SEPTEMBER 7, 2023

Most recently, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list! Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Click here to learn more about Eileen Doherty.

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Realty Realtors Real Estate Clients 74

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December.

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Marketing Sellers Buyers Inventory 66

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. Below is a graph that illustrates home sales per year since 2005. 2021 Sales by Month. Prices Up by 13.1%

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Inventory Sellers Buyers Real Estate 51

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. 2022 was another historic year in a succession of historic years for the real estate industry.

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Inventory Buyers Real Estate Sellers 63

Lamacchia Realty

DECEMBER 7, 2021

Elisha Lynch obtained her Real Estate license in 2005. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. To learn more about Amy, click here. To learn more about Elisha, click here: Elisha Lynch Paul J.

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Realtors Realty Real Estate Clients 74

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. 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.

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Sellers Inventory Buyers Realtors 74

Appraisal Today

APRIL 12, 2024

40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. “It It is written for real estate agents and has general information on appraisal at the beginning. But in today’s market with relatively few sales, it may be needed. =

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Appraisal Construction Contracts Architecture 77

Appraisal Today

JUNE 3, 2022

Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!! The appraisals include separate values for real estate, fixtures, and Going Concern (business income and expenses). Sellers, it’s time to listen.

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Appraisal Contracts Real Estate Marketing 52