Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

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Finance Real Estate Agent Real Estate Insurance 418

Housing Wire

MAY 24, 2023

For many buyers, closing day represents the beginning of the next chapter in their lives – having a new place to celebrate important milestones and create new memories. Unfortunately, as buyers are preparing for this momentous day, wire fraud – a scam in which cybercriminals attempt to steal buyers’ hard-earned money – poses a serious threat.

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Real Estate Buyers Real Estate Agent Sellers 355

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. in September 2022. They eased below 6.5%

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Housing Market Marketing Inventory Sellers 410

Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1% as of Sept.

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Inventory Home Value Housing Market Mortgage 523

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. In 2022 we saw this raging market hit a large bump in the road. The higher rates resulted in larger mortgage payments which took many buyers out of the market. It’s important for sellers to recognize this or the home they are selling may be overpriced and it will take longer to sell.

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Housing Market Marketing Inventory Sellers 83

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Home prices decelerated for seven consecutive months in October, according to the latest S&P CoreLogic Case-Shiller National Home Price Index , posting a yearly gain of 9.2%.

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Housing Market Marketing Insurance Mortgage 410

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Prior to the pandemic, buyers paid closer to 0.5 December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

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Inventory Mortgage New Listings Home Value 380

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. .

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Inventory Housing Market Mortgage Law 457

Eppraisal

OCTOBER 5, 2022

Now that the real estate market is transitioning with softening sales and rising interest rates, it is important to be in the know as a home buyer. As a buyer in a transitioning market, you have more to prepare for. Premium Prices The housing market continues to display high, premium home prices.

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Buyers Real Estate Agent Marketing Sellers 68

Housing Wire

FEBRUARY 1, 2023

“It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. in 2022, the weakest showing since 2014. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 404

Quicken Loans

DECEMBER 16, 2021

In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. And this trend will likely continue, and grow, into the year 2022.

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Housing Market Marketing Inventory Real Estate 78

Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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Real Estate Agent Real Estate Agents Sellers 68

Raleigh Realty

AUGUST 1, 2022

By designing an engaging, move-in-ready atmosphere, buyers may be more committed to and willing to increase their offer — often above the asking price. Before beginning the hunt for a house, buyers scouring home design trends on Instagram and Pinterest will have expectations of how their future home should look.

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Sellers Agents Buyers Investing 68

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Housing Market Marketing Construction Inventory 313

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Real Estate Buyers Sellers Insurance 36

Lamacchia Realty

SEPTEMBER 22, 2023

compared to August 2022, would-be sellers are concerned about jumping into the market. 2023: 6,344 2022: 7,078 2021: 8,891 Pending Home Sales: The number of homes placed under contract is down by 21.5% when compared to August 2022. when compared to August 2022. when compared to August 2022.

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Real Estate Sellers Realty Home Value 63

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $632,613 (2023) | $702,284 (2024) Condominiums: $633,473 (2023) | $679,516 (2024) Multi-families: $592,514 (2023) | $637,010 (2024) Homes Listed For Sale: T he number of homes listed is up by 8.6% 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

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Sellers Real Estate Buyers Inventory 62

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: 3,632 (2022) | 2,781 (2023) Condominiums: 958 (2022) | 792 (2023) Combined average prices have increased by 10.8% Single families: $559,314 (2022) | $621,869 (2023) Condominiums: $293,165 (2022) | $335,346 (2023) Homes Listed For Sale: T he number of homes listed is down by 14.5%

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Real Estate Sellers Realty Home Value 60

Lamacchia Realty

NOVEMBER 27, 2023

Single families: 4,193 (2022) | 3,515 (2023) Condominiums: 1,727 (2022) | 1,562 (2023) Multi-families: 633 (2022) | 536 (2023) Average sales price increased 6.9% year-over-year, now at $677,655 compared to $633,905 in October 2022. when compared to October 2022. when compared to October 2022.

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Sellers Real Estate Buyers Inventory 65

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: 1,671 (2022) | 1,295 (2023) Condominiums: 469 (2022) | 418 (2023) Multi-families: 88 (2022) | 60 (2023) The combined average price increased by 9.9% when compared to August 2022. when compared to August 2022. when compared to August 2022. when compared to last August , now at $544,508.

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Real Estate Sellers Realty Home Value 59

Housing Wire

DECEMBER 5, 2022

It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price. As quickly as rates dropped in March of 2020, as quickly as they rose in 2022, markets shift. Buying now means being able to negotiate as a buyer.

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Housing Market Marketing Supply Chain Mortgage 513

Lamacchia Realty

OCTOBER 19, 2023

Single families: 3,140 (2022) | 2,394 (2023) Condominiums: 871 (2022) | 725 (2023) Average sales price has increased by 5.7% Single families: $528,879 (2022) | $565,163 (2023) Condominiums: $303,917 (2022) | $316,041 (2023) Homes Listed For Sale: T he number of homes listed is down by 9.8%

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Sellers Real Estate Buyers Realty 60

Lamacchia Realty

OCTOBER 19, 2023

Single families: 4,876 (2022) | 3,608 (2023) Condominiums: 1,908 (2022) | 1,668 (2023) Multi-families: 682 (2022) | 515 (2023) Average sales price increased 5.2% year-over-year, now at $684,121 compared to $650,594 in September 2022. when compared to September 2022. when compared to September 2022.

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Sellers Real Estate Buyers Realty 60

Eppraisal

AUGUST 26, 2022

This means that the sizzling hot seller's market will be softening up a bit. It won't turn into a buyer's market right away. In fact, home values are still rising. In order to maximize sales prices, sellers should follow a few strategies. Homes were selling without a lot of preparation.

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Sellers Real Estate Marketing Real Estate Agent 36

Lamacchia Realty

DECEMBER 19, 2023

Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2% Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7%

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Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $484,935 (2023) | $554,204 (2024) Condominiums: $318,153 (2023) | $314,791 (2024) Homes Listed For Sale: T he number of homes listed is down by 3.9% 2024: 2,100 2023: 2,283 2022: 3,039 Data provided by SmartMLS then compared to the prior year. What does this mean for Buyers ?

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Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

NOVEMBER 27, 2023

Single families: 1,300 (2022) | 1,089 (2023) Condominiums: 381 (2022) | 370 (2023) Multi-families: 111 (2022) | 74 (2023) Average sales price increased by 5.2% when compared to October 2022. 2023: 1,858 2022: 1,741 2021: 1,920 Pending Home Sales: The number of homes placed under contract is down by 0.8%

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Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

JUNE 20, 2023

compared to May 2022, would-be sellers are concerned about jumping into the market. 2023: 8,287 2022: 10,143 2021: 9,913 Pending Home Sales: The number of homes placed under contract is down by 19.6% when compared to May 2022. when compared to May 2022. when compared to May 2022.

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Sellers Real Estate Realty Home Value 65

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $381,123 (2023) | $475,011 (2024) Condominiums: $470,541 (2023) | $474,813 (2024) Multi-families: $367,522 (2023) | $467,338 (2024) Homes Listed For Sale: T he number of homes listed is up by 13.7% 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

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Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

OCTOBER 19, 2023

Single families: 1,598 (2022) | 1,124 (2023) Condominiums: 483 (2022) | 368 (2023) Multi-families: 90 (2022) | 82 (2023) Average sales price increased by 8.8% when compared to September 2022. when compared to September 2022. when compared to September 2022. Home Sales are down in New Hampshire by 27.5%

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Sellers Real Estate Buyers Realty 54

Lamacchia Realty

NOVEMBER 27, 2023

Single families: 2,620 (2022) | 2,305 (2023) Condominiums: 753 (2022) | 661 (2023) Average sales price has increased by 12.2% Single families: $506,346 (2022) | $560,286 (2023) Condominiums: $290,303 (2022) | $352,789 (2023) Homes Listed For Sale: T he number of homes listed is down by 1.4%

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Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

FEBRUARY 23, 2024

Single families: $ 525,467 (2023) | $530,608 (2024) Condominiums: $409,028 (2023) | $500,879 (2024) Multi-families: $431,353 (2023) | $489,323 (2024) Homes Listed For Sale: T he number of homes listed is up by 17.9% 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

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Sellers Real Estate Buyers Inventory 55

Lamacchia Realty

DECEMBER 19, 2023

Single families: 3,813 (2022) | 3,447 (2023) Condominiums: 1,662 (2022) | 1,487 (2023) Multi-families: 603 (2022) | 463 (2023) Average sales price increased 4.5% year-over-year, now at $669,783 compared to $640,766 in November 2022. In Massachusetts, home sales are down yet again in November 2023 by 11.2%.

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Real Estate Sellers Buyers Realtors 63

Eppraisal

AUGUST 30, 2022

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. If you are a buyer, you may be getting giddy about it. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for. It does not happen overnight.

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Real Estate Buyers Real Estate Agent Marketing 36

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

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Home Value Real Estate Agent Real Estate Realtors 36

Lamacchia Realty

AUGUST 25, 2023

With that said, serious buyers should be ready to strike with updated preapprovals and be informed about their mortgage options, including buydowns and assumptions , to ensure that they can be successful in this market. For sellers who cannot wait to list their homes due to changes in life circumstances (e.g.,

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Sellers Real Estate Inventory Buyers 57