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3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

Mortgage 506
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Can 3-D printed homes help solve the housing crisis?

Housing Wire

Last May, Sam Khater, chief economist for Freddie Mac , the government-sponsored enterprise and mortgage purchaser, issued a report with the grim conclusion: “Inventory of both new and existing homes for sale is currently at a historical low.”. The construction worker shortage has also grown worse. That’s $307,000 in non-construction costs.

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How to Take Advantage of the Cooler Summer Market

Lamacchia Realty

Despite all of it competition is still strong, and buyers are still out there, but with average prices increasing also at historic rates since 2020 and with the cost increase of borrowing, a shift in the market is happening. More homes to choose from with more leverage in your corner is exactly what a more balanced market will feel like.

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Price Adjustments and the 2023 Market

Lamacchia Realty

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

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Boulevard Oaks Houston Neighborhood Maps

Houston Properties

Turnover of homes in Boulevard Oaks is low due to lack of inventory and high demand. Boulevard Oaks development began in the 1920s to early 1930s. In 1924, West Edgemont started development, followed by West Ormond Place, Chevy Chase, and Vassar Place. 2020: America’s Best Real Estate Teams, Best of America Trends.