Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. That’s a swing of 17% fewer sellers in just a matter of days. The lower rates go, the fewer home sellers we have.

Mortgage 366

Mortgage New Listings Inventory Sellers 366

Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. “If Compared to California, Utah has been fairly relaxed with COVID-19 restrictions.

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Housing Market Marketing Agents Real Estate 414

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We Buyers are really struggling.”

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Buyers Marketing Inventory Investors 374

Housing Wire

NOVEMBER 12, 2020

Vacation areas and luxury housing markets aren’t the only ones benefitting from a wave of pandemic buyers : southeastern locales are also filling up. According to the Little Rock Realtors Association in Arkansas, listing count is down 40.5% Our market is pretty, pretty hectic,” Charlton said. year over year.

Housing Market 354

Housing Market Marketing Inventory Realtors 354

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “The from November to a pace of 4.02 A total of 5.03 year over year.

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Inventory Housing Market Realtors Buyers 338

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Despite these obvious signs of a slowing market, Redfin states that it is in line with the typical seasonal decline. In August, 58.8%

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Buyers Inventory Real Estate Agent Agents 425

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 531

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. But, there is one bright spot — inventory is rising.

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Inventory Housing Market Marketing Realtors 505

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Retail Sellers Buyers Market Value 421

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. April was National Fair Housing Month. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report.

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Housing Market Realtors Buyers Inventory 400

Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead. million in 2020. pending home sales dipped to the tune of 0.3% in December following a 2.6% However, contract signings rose 21.4%

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Contracts Real Estate Housing Market Technology 529

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. million homes, according to the National Association of Realtors. million to 5.61

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Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . from July to a seasonally adjusted annual rate of 4.80

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Inventory Housing Market New Listings Mortgage 437

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun.

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Contracts Realtors New Listings Real Estate 477

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I But while rising insurance costs are certainly a challenge for owners and buyers in Southwest Florida, Haydon said the slower housing market is good news for a lot of buyers. “I

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Insurance Inventory Marketing Real Estate 363

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

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Realtors Real Estate Agent Sellers Realty 71

Housing Wire

MARCH 8, 2023

Homebuyers and sellers are being cautious due to current market conditions, as indicated by Fannie Mae ‘s home purchase sentiment index (HPSI). The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — decreased 3.6 points in February to 58.0, million in 2023 from last year’s 5.1

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Realtors Sellers Housing Market Mortgage 331

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 457

Housing Wire

FEBRUARY 19, 2021

The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. year over year, which I warned could happen during the years 2020-2024. The last report on new home sales shows that housing data moderates and moves back to the trend. It is trending at 13.1%

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Housing Market Realtors Mortgage Sellers 508

Housing Wire

AUGUST 23, 2021

in July from the month prior, a report published by the National Association of Realtors on Monday found. A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. Existing-home sales grew by 2.0% increase, the report said.

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Inventory Buyers Housing Market Realtors 457

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Lamacchia Realty

OCTOBER 11, 2023

has released its “Top Producing REALTORS®,” for September 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! She was awarded Most Sales and Most Sales Volume in 2018 2019 , 2020 , and 2021 for our Woburn Office.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Inventory Marketing Housing Market New Listings 459

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Cyndi thrives to make her buyers and sellers her top priority.

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Realtors Realty Real Estate Agents 66

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 However, there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin.

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Realtors Buyers Housing Market New Listings 471

Housing Wire

DECEMBER 28, 2021

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. on pace for 6.29 July was the plateau.

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Real Estate Realty Brokerage Realtors 440

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America.

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Buyers Sellers Real Estate Agent Real Estate 338

Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 million, I can take off the unhealthy housing market label.

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Inventory Housing Market Marketing Modernization 494

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million , that would mean it’s a good year for housing demand. million , that would mean it’s a good year for housing demand. We ended 2020 with 5.64 This number is above my sales trend peak of 6.2 million and 6.2

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Inventory Housing Market Investors Marketing 456

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse. million in September.

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Housing Market Inventory New Listings Mortgage 283

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. What is holding back potential homeowners from buying?

Buyers 435

Buyers Realtors Sellers Inventory 435

Lamacchia Realty

SEPTEMBER 7, 2023

has released its “Top Producing REALTORS®,” for August 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! She was awarded Most Sales and Most Sales Volume in 2018 2019 , 2020 , and 2021 for our Woburn Office.

Realty 74

Realty Realtors Real Estate Clients 74

Lamacchia Realty

JULY 7, 2023

has released its “Top Producing REALTORS®,” for June 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

SEPTEMBER 10, 2022

has released their “Top Producing REALTORS®,” for August 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Laurie is consistently named a top producing REALTOR® for the office as well as company-wide !

Realtors 71

Realtors Realty Real Estate Agents 71

Lamacchia Realty

AUGUST 9, 2023

has released its “Top Producing REALTORS®,” for July 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! She was awarded Most Sales and Most Sales Volume in 2018 2019 , 2020 , and 2021 for our Woburn Office.

Realtors 63

Realtors Realty Real Estate Clients 63

Housing Wire

MARCH 29, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 million, I can take off the unhealthy housing market label.

Inventory 404

Inventory Housing Market Marketing Modernization 404