Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. No buyer must use a real estate agent — ever. No buyer must use a real estate agent — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. I am repeating myself but bear with me.

Real Estate Agent 419

Real Estate Agent Real Estate Brokerage Agents 419

Housing Wire

OCTOBER 1, 2022

In comparison, in 2011, homes took 96 days to sell. . Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market. All cash buyers now stand at 24%.

Realtors 385

Realtors Housing Market Marketing Buyers 385

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. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 515

Inventory New Listings Housing Market Sellers 515

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.

Inventory 539

Inventory Housing Market New Listings Marketing 539

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. from July to a seasonally adjusted annual rate of 4.80 million in August.”

Inventory 444

Inventory Housing Market New Listings Mortgage 444

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Some of that had to do with buyers feeling the affordability crunch of higher interest rates and still-rising prices. 2023 produced the lowest number of home sales since 2005 with the exception of 2011. Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. 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.

Inventory 57

Inventory Sellers Buyers Real Estate 57

Housing Wire

DECEMBER 3, 2020

In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. Notably, in 2011, existing home prices in Ada County were at $160,113. They bid $750,000 and again at $775,000, which the seller said would work.

Marketing 531

Marketing Realty Realtors Housing Market 531

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. million today.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I She has also started discussing these details with prospective sellers at listing presentations. “No

Real Estate Agent 431

Real Estate Agent Insurance Real Estate Agents 431

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%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 20, 2023

Anthony Lamacchia Broker/Owner Deanna has been a R EALTOR ® since 2011 and has worked in the customer service industry for over 25 years. She joined Lamacchia Realty in early 2016 and always strives to make her buyers and sellers her top priority. She is an exceptional REALTOR® and always puts her clients' needs first.

Realty 69

Realty Realtors Real Estate Sellers 69

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Will Springer Realtor

DECEMBER 8, 2021

from a year ago and at a level not seen since 2011. Who said this is a sellers’ market? GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. However, single-family permits for King and Pierce counties combined are up 4.2%

Sellers 36

Sellers Marketing Supply Chain Construction 36

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. In typical rate rising cycles, there is a lack of buyers.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. As I have stressed, people need to be patient with inventory growth and not run 2002-2011 credit sales to inventory models for this marketplace. million , like I have talked about for some time now.

Inventory 382

Inventory New Listings Law Housing Market 382

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Therefore, most would-be sellers are in a holding pattern.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Lamacchia Realty

JANUARY 30, 2024

That said, the number of homes sold is down year over year, so it’s a true sign that the voracious buyer activity has slowed down and that this region is a bit ahead of the North in the market adjustment cycle. In the chart below you’ll see that the number of single-family homes sold is the lowest it has been in South Florida since 2011.

HOA 49

HOA Inventory Buyers Contracts 49

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Many agents have noted that their buyers are reticent to purchase in this manner.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Housing Wire

OCTOBER 20, 2022

Despite this drop, investment returns for home sellers is still up from 48.8% ATTOM says these factors are raising homeownership costs for buyers, which it says “cuts into resources available for down payments on purchases” and impacts overall household budgets. Metro results for home sellers. This is up from 6.7%

Sellers 379

Sellers Investing Housing Market Real Estate 379

Will Springer Realtor

JANUARY 18, 2022

Buyers are prioritizing a lifestyle market and are willing to compromise on home features to live in their preferred location. In 2011, 77% of U.S. buyers purchased a detached single-family home; 10 years later that figure was 82%, as buyers chase more square footage for remote work and home schooling.

Buyers 73

Buyers Law Construction Real Estate 73

Will Springer Realtor

DECEMBER 11, 2022

BY THE NUMBERS. >> Seven in 10 home buyers from 2021 and 2022 have regrets about their purchase, with 30% saying they spent too much on the property. That’s according to a survey of a thousand buyers by Clever Real Estate , which noted four in 10 respondents paid 21% or more above the asking price.

Buyers 36

Buyers Finance Real Estate Sellers 36

Lamacchia Realty

JUNE 3, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. He has a very strong passion for the real estate industry and greatly enjoys working with Buyers and Sellers to help them with their real estate needs.

Realty 65

Realty Agents Real Estate Human Resources 65

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances). What will the 2022 Seattle/King County housing market offer?

Real Estate 69

Real Estate Buyers Construction Sellers 69

Lamacchia Realty

FEBRUARY 3, 2022

Click here to learn more about Bea: Bea Murphy Deanna Faucher has been a REALTOR® since 2011 and joined Lamacchia Realty in early 2016. 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.

Realty 71

Realty Realtors Real Estate Clients 71

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

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. On the bright side, attracting buyers to the market last year was not a widespread difficulty, but homebuilders fear that might change. Census Bureau and the U.S.

Construction 396

Construction Housing Market Buyers Sellers 396

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. At the same time, the percentage of first-time buyers in the U.S. Among all U.S.

Inventory 36

Inventory Buyers Sellers New Listings 36

Lamacchia Realty

SEPTEMBER 3, 2021

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 Deanna Faucher has been a REALTOR® since 2011 and joined Lamacchia Realty in early 2016.

Realty 67

Realty Agents Real Estate Realtors 67

Lamacchia Realty

MAY 5, 2023

Click here to learn more about Bea: Bea Murphy Heidi Weed has been helping buyers and sellers throughout the process by sharing her experience, tools, and resources since 2007. Deanna Faucher has been a REALTOR® since 2011 and joined Lamacchia Realty in early 2016.

Realtors 74

Realtors Realty Clients Real Estate 74

Lamacchia Realty

MARCH 30, 2023

The Huskies have walked away with the victory in 1999, 2004, 2011, and most recently in 2014. Boca Raton, located in the southern part of Palm Beach County in Florida, has a thriving real estate market, with a wide range of properties available to buyers.

Marketing 58

Marketing Real Estate Realty Realtors 58

Lamacchia Realty

JANUARY 3, 2024

Click here to learn more about Eileen Doherty Deanna Faucher has been a REALTOR® since 2011 and joined Lamacchia Realty in early 2016. 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.

Realtors 73

Realtors Realty Real Estate Clients 73

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. Affordability remains elusive.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Lamacchia Realty

JANUARY 27, 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 Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

Realty 69

Realty Realtors Agents Real Estate 69

Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. said Sturtevant.

Mortgage 368

Mortgage Property Taxes Investors Buyers 368

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >> The listing video is mesmerizing.

HOA 36

HOA Transportation Construction Buyers 36