2006 Buyers Contracts Sellers 
Housing Wire
JANUARY 20, 2023
The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. Also, this is what the Federal Reserve wants.
Housing Wire
SEPTEMBER 28, 2021
below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. Home prices in 19 of our 20 cities now stand at all-time highs, with the sole outlier (Chicago) only 0.3%
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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. This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022 and discusses what is predicted to unfold in 2024. Sales Decline by 21.7%
Housing Wire
JULY 25, 2022
“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.
Lamacchia Realty
JANUARY 25, 2024
Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. Sales Decline by 18.9%
McKissock
MARCH 15, 2022
Traditional buyers are replaced by new ones (investors). When traditional buyers are replaced by new buyers who are starting to invest in real estate, this is an indication of a possible bubble. Use of creative financing such as seller contracts.
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 report analyzes the sales figures, average prices, the number of active listings, and listings under contract for both 2023 and 2022. Maine Sales Decreased by 18.9%
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