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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. As a result, there’s less demand for the available inventory, creating more price adjustments.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. Due to these rising costs and rising number of listings, condos are remaining on the market for much longer periods than before, attracting less interest from buyers.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. Homes are essentially flying off the shelves this year, so if a home sits on the market without much interest, at some point you have to consider improving the price.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Among other things, the act established a Duty to Serve obligation for Freddie Mac and Fannie Mae , which includes a focus on rural markets, manufactured housing and affordable housing preservation. Rural markets are commonly characterized by: Low population density. Although 97% of the U.S. land area is rural, merely 19.3%

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Among other things, the act established a Duty to Serve obligation for Freddie Mac and Fannie Mae , which includes a focus on rural markets, manufactured housing and affordable housing preservation. Rural markets are commonly characterized by: Low population density. Although 97% of the U.S. land area is rural, merely 19.3%

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

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