Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 528

Inventory New Listings Housing Market Sellers 528

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. Even today, the MBA purchase application index is below 2008 levels.

Housing Market 458

Housing Market Marketing Inventory Investors 458

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. RealTrends + Harris Insights ‘ studies from 2002, 2005, 2006, 2011, 2014, and 2019 all show that consumers know that commissions are negotiable.

Real Estate Agent 432

Real Estate Agent Real Estate Brokerage Agents 432

Housing Wire

MARCH 18, 2022

My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. However, a seller is also a natural homebuyer, unless they’re an investor. You can see why some sellers are stressed now. People who sell need to live somewhere.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. I have often said that anytime days on the market are at a teenager level, nothing good will happen.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. This means the housing boom period of 2002-2005 had major credit tightening, which won’t happen this time around when the next recession hits. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree.

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

NOVEMBER 13, 2023

From the Wall Street Journal Editorial Board, “the commission on home sales has stayed basically flat for decades at 6%, split evenly between the buyer and seller agents.” Our data is good enough for the DOJ and the FTC to use for their own report on competition in the industry in their 2005-2006 report.

Real Estate 358

Real Estate Realtors Agents Buyers 358

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. Is this any different than last time? How do we combat this?

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

DECEMBER 29, 2021

Home sellers strive to get the highest price from the best offers and homebuilders have the pricing power over consumers. Since housing tenure is now over 11 years, the built-in equity position is much higher today without a massive credit boom like what we saw from 2002-2005. In short, we made American mortgage debt great again !

Housing Market 533

Housing Market Marketing Construction Mortgage 533

Housing Wire

MAY 4, 2022

The only period when the median sale price was greater than house-buying power was from 2005 through 2007, indicating an overvaluation of housing, or a “housing bubble.” Some buyers will pull back from the market and sellers will adjust their price expectations, which will prompt house prices to adjust.

Housing Market 384

Housing Market Finance Marketing Mortgage 384

Housing Wire

NOVEMBER 18, 2022

A traditional seller is primarily a homebuyer, so not only do we lose the inventory for sale when this happens, but we also lose a buyer. However, as we can see, the inventory data looks much different than what we saw in 2000, 2005, 2008, 2012, 2015 and 2018. This is not a positive for the housing market.

Inventory 473

Inventory Marketing Housing Market New Listings 473

Housing Wire

DECEMBER 29, 2022

The housing market of 2002-2005 had four years of sales growth facilitated by credit. As we can see below, the purchase application data had four years of growth, peaking in 2005 and then collapsing. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. million in 2005.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

MARCH 28, 2022

The only thing that I believe creates balance in the housing market is higher rates because the sellers and builders have too much pricing power in this low inventory environment. . This is much different from the marketplace we saw from 2002-2005, a massive credit bubble. The days on the market to sell a home is too low.

Housing Market 370

Housing Market Marketing Supply Chain Inventory 370

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. Listing essentially requires sellers to trade in their pandemic-era rates of 2-3% for the current rates hovering in the high 6%-low 7% range.

Sellers 61

Sellers Buyers Real Estate Realty 61

Housing Wire

APRIL 30, 2023

We have to remember that a conventional seller is usually also a traditional buyer, so new listings growing toward their seasonal peak throws cold water on the idea that no one will list their homes because they already have a low mortgage rate (the mortgage rate lockdown theory). didn’t go into recession until 2008.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Lamacchia Realty

OCTOBER 25, 2023

Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.

Bracketing 66

Bracketing Marketing Sellers Buyers 66

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 66

Housing Market Bracketing Marketing Sellers 66

Lamacchia Realty

JULY 7, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. A resident of Hubbardston, Lisa serves central Massachusetts home buyers and sellers with dedication and a relentless work ethic.

Realty 68

Realty Agents Realtors Real Estate 68

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.

Construction 491

Construction Sellers Inventory Housing Market 491

Lamacchia Realty

AUGUST 3, 2021

Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.

Bracketing 69

Bracketing Sellers Buyers Inventory 69

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. As we can see in the chart below, new home sales aren’t booming like what we saw at the peak of 2005 but are getting back to trend sales growth from the bottom we saw when rates got 5% in 2018.

Construction 508

Construction Inventory Marketing Buyers 508

Housing Wire

MAY 26, 2022

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. Credit stress was evident from 2005 to 2008. What is going on here?

Inventory 522

Inventory Housing Market Construction Marketing 522

Cornerstone

SEPTEMBER 3, 2021

A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. percent and was the highest year-over-year gain since November 2005. The takeaway: Current — likely to be once-in-a-lifetime — market conditions show that it’s a great time to be a buyer or a seller.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

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 397

Housing Market Inventory Construction Marketing 397

Lamacchia Realty

FEBRUARY 3, 2022

Growing up in Shrewsbury and residing in Worcester with her husband and son for the past 20 years, she is able to assist her buyers and sellers in Worcester County with complete confidence. To learn more about Deanna, click here: Deanna Faucher Elisha Lynch obtained her real estate license in 2005.

Realty 72

Realty Realtors Real Estate Clients 72

Housing Wire

FEBRUARY 24, 2023

If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether. Credit standards are still looking great, and we don’t have to worry about credit getting so tight that it will kill demand, as we saw from 2005 to 2008. And we have a lot more workers now than we did then.

Inventory 485

Inventory Construction Housing Market Mortgage 485

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

Lamacchia Realty

SEPTEMBER 7, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. Heidi is a stellar real estate agent who, since 2005, has been helping her clients buy and sell homes with ease and friendliness.

Realty 74

Realty Realtors Real Estate Clients 74

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

Housing Wire

MARCH 23, 2022

As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. Like home sellers, they try to make as much money as possible. First, as you can see from the chart below, the market we had from 2002-2005 never existed in housing from 2014-2022. percent (±11.9

Mortgage 491

Mortgage Inventory Housing Market Construction 491

Will Springer Realtor

JANUARY 3, 2023

A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. To raise awareness of this matter, the Seller Disclosure Statement now includes a notice to buyers and sellers about the process to remove discriminatory covenants.

Real Estate 36

Real Estate Technology Investing Legal 36

Lamacchia Realty

APRIL 8, 2024

Paul Dubuque has been a Realtor since 2005 and joined Lamacchia Realty in 2019 when First Team Realty merged with Lamacchia Realty Chelmsford. Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area. Most recently, Anthony was featured on the 2024 Who’s Who List in Boston Agent Magazine.

Realtors 72

Realtors Realty Real Estate Agents 72

Housing Wire

APRIL 14, 2022

“Our goal is always to make our clients as appealing as possible to a seller to help increase their conversion of getting their offer accepted. trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. ” Others that leaned purchase in 2021 included depository U.S.

Mortgage 522

Mortgage Marketing Retail Lending 522

Lamacchia Realty

JANUARY 5, 2023

Accordingly, Lisa was named a real estate All-Star in the Northshore Magazine for being able to expertly assist both buyers and sellers on the North Shore. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realtors 73

Realtors Realty Real Estate Agents 73

Lamacchia Realty

JULY 7, 2022

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. To learn more about Shauna, click here: Shauna Fanning Elisha Lynch obtained her real estate license in 2005. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 68

Realtors Realty Real Estate Clients 68

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. The builders sell homes as a commodity, and they had a big spike in monthly supply last year, forcing them to make some deals to move product.

Inventory 520

Inventory Construction Housing Market Marketing 520

Housing Wire

APRIL 11, 2022

If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019. New home sales were much more substantial, of course, heading toward the bubble peak of 2005, so as long as sales rose, the homebuilders would build. Once total inventory can get back into the range of 1.52

Inventory 504

Inventory Housing Market Marketing Modernization 504