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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before.

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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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Are you a “Want-to-Be” Seller in 2021?

Lamacchia Realty

ARE YOU A WANT-TO-BE-SELLER IN 2021? A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates. Worried about having to move twice?

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Top Ranked Realtors: Paige Martin & The Houston Properties Team. Worried about missing out on a boom?

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How Many Homes Should I See Before Making an Offer?

Lamacchia Realty

It is the age of technology, so most buyers see lots of homes online before ever setting foot in an open house or a private showing. In this case, it’s recommended that the buyer sits back down with their REALTOR® to review their list of needs, wants, and undesirables. April 8, 2021. October 11, 2021. Read More ».

Buyers 69
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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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How to Take Advantage of the Cooler Summer Market

Lamacchia Realty

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.