Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. offers, according NAR’s REALTORS® Confidence Index.

Buyers 463

Buyers Realtors Inventory Sellers 463

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. Orlando came closest to the national numbers in 2023 and 2022, and while Miami saw a decline in concessions, it was on par with national ones. in 2022 Orlando : 34.3% in 2022 Tampa : 43.1%

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

SEPTEMBER 26, 2023

We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. Fewer new sellers also means that inventory can’t grow too much; the real trouble develops when demand drops and supply surges. What’s happening with inventory?

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

OCTOBER 12, 2022

trillion in 2022, a $78 billion decline from last month’s forecast. Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. million, according to the National Association of Realtors. million in 2022 and 3.93

Contracts 414

Contracts Modernization Housing Market Mortgage 414

Empire Appraisal Group

MARCH 16, 2023

NEWS & MEDIA sorbetto / Getty Images Source: Hard Convincing Sellers Not to Overprice? Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new. ORLANDO, Fla.

Sellers 78

Sellers Inventory Realtors Clients 78

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 285

Inventory Contracts New Listings Buyers 285

Lamacchia Realty

APRIL 6, 2022

has released their “Top Producing REALTORS®,” for March 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! Most recently, Shauna was named in the Boston Agent Magazine’s Who’s Who 2022 edition !

Realtors 69

Realtors Realty Real Estate Agents 69

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? Now two years later , 2022 started with the lowest inventory EVER recorded and while inventory has grown slightly, This means NOW is a still a great time to list and take advantage of motivated buyers before other sellers really start to saturate the market.

Sellers 67

Sellers Realtors Buyers Inventory 67

Housing Wire

MARCH 22, 2024

“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We From 2022 to 2023 alone, rates rose 15%.

Insurance 363

Insurance Inventory Marketing Real Estate 363

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 64

Sellers Realtors Buyers Inventory 64

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. from December 2022 ($366,500). From NAR : Existing-home sales waned 1.0%

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Listing Spark

NOVEMBER 11, 2022

One of these includes figuring out the required paperwork for selling a house without a realtor. In this blog post, we’ll go over the basics of what you need to do in order to sell your home without an agent, including the necessary paperwork for selling a house without a realtor in Texas. 1) Market the home for sale.

Realtors 36

Realtors Contracts HOA Sellers 36

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.” Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.”

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

SEPTEMBER 19, 2023

I interviewed Dr. Jessica Lautz from the National Association of Realtors for the Altos podcast and we talked about the prospect of 8% mortgage rates. It shows obvious slowing demand, but is also a reflection of the fact that most of the year we had more buyers than sellers of residential real estate. Now, you’re looking at 7.5%

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Existing-home sales rose 7.0% from a year ago.

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

SEPTEMBER 23, 2022

Women make up 66% of all Realtors, according to the National Association of Realtors ‘ 2022 Member Profile , but hold just a fraction of executive leadership positions throughout the industry. HW Media : What do you think will be the big themes for the housing market in 2022-2023?

Real Estate Agent 340

Real Estate Agent Agents Real Estate Realtors 340

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. Twenty-eight percent of the home buying market last month was all-cash buyers, and for every home that went under contract, sellers saw 4.8

Housing Market 400

Housing Market Realtors Buyers Inventory 400

Housing Wire

OCTOBER 31, 2023

Davis has served in this role since June 2022, which she disclosed during her cross examination by Michael Ketchmark, the lead attorney for the plaintiffs. Davis also discussed the MLS and how the National Association of Realtors’ Clear Cooperation Rule impacts both buyers and sellers during her time on the stand.

Agents 373

Agents Sellers Buyers Law 373

Lamacchia Realty

DECEMBER 28, 2021

In fact, our REALTORS had multiple properties that had over 30 offers! From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. But not in 2021.

Sellers 74

Sellers Inventory Buyers Realtors 74

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% However, seasonality will kick in soon, and it doesn’t look that 2022 will get us there. million in January of 2022. million in August.”

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8% Sales Down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Lamacchia Realty

JANUARY 27, 2023

In this area, there were 2,452 fewer sales in 2022 than there were in 2021 , a 16.4% 2019 – 2022 Home Sales by Month Home sales were down every month in 2022 when compared to 2021, but that isn’t surprising given that 2021 as well as the second half of 2020 exhibited a frenzied post-Covid market. Sales Down 16.4% to $566,391.

Buyers 59

Buyers Sellers Inventory Realty 59

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S.

Construction 369

Construction Housing Market Sellers Marketing 369

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. billion).

Marketing 78

Marketing Real Estate Investing Retail 78

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. What does this mean for Sellers ? Prices increased across all categories.

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

DECEMBER 19, 2023

Single families: 1,094 (2022) | 1,041 (2023) Condominiums: 346 (2022) | 339 (2023) Multi-families: 95 (2022) | 80 (2023) Average sales price increased by 6.2% when compared to November 2022. 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

Real Estate 56

Real Estate Sellers Buyers Realtors 56

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%

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

JANUARY 30, 2024

The dip in sales in 2022 wasn’t much of a surprise; rather, it was a welcomed relief. The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy. In Maine, sales dropped from 20,258 in 2022 to 16,435 by the close of 2023, marking a decrease of 3,823 sales year over year.

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

FEBRUARY 22, 2023

It’ll likely be summer when we finally see home sale numbers get closer to last year’s as the beginning of 2022 exhibited sales numbers too high for 2023 to compete with. Nationally, the National Association of REALTORS® (NAR) reports that existing home sales are down 36.9% over this time last year from 6.34 million to 4.00

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Lamacchia Realty

MARCH 28, 2023

Also, we are starting to see more sellers list their homes (i.e., Sellers – get your home on the market ! Many sellers are hesitating to list their home because they currently have a low, pandemic era mortgage rate. when compared to February 2022. when compared to February 2022. when compared to February 2022.

Sellers 69

Sellers Inventory Buyers Real Estate 69

Lamacchia Realty

MARCH 26, 2024

In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. Source Inventory rises when more sellers are listing than buyers are buying. When that becomes the case, homes can sit on the market for longer and longer.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. In this market, a seller looking at comps to pinpoint their own target list price must be a little savvier than in years past. Market value is determined by sales, not the high hopes of a seller. Comps in the Post-COVID Market.

Marketing 70

Marketing Sellers Buyers Market Value 70

Lamacchia Realty

FEBRUARY 21, 2023

Data for off-market listings as of November 8, 2022 provided by [link] Additionally, this table shows the percentages of homes where the Zestimate was within 5, 10, or 20% of the transaction price in various geographic locations. Data for off-market listings as of November 8, 2022 provided by [link] A Zestimate CAN’T Replace a REALTOR®!

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

Will Springer Realtor

JANUARY 10, 2023

Will Springer, Realtor®. Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. A total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). Exclusive Eastside communities topped 2022’s highest-priced home sales.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36