Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. According to Altos Research, as of Feb.

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

MAY 14, 2024

“People who already own homes are less likely to be buyers right now because they are holding onto their properties because of low interest rates ,” Joe Cilic, the team lead of the Sotheby’s International Realty -brokered Cilic Group , said. At the lower price points, they are pretty common,” Cilic said of multiple offer situations.

Buyers 359

Buyers Inventory Landlords Real Estate 359

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday.

Brokerage 345

Brokerage Technology Agents Training 345

Housing Wire

MAY 8, 2024

“If a buyer cannot have the ability to finance representation in the loan because the seller didn’t want to offer compensation, when you have multiple offers, that buyer is going to lose every single time.” While the CHLA is also urging the VA to change its rules, it is advocating for the mortgage industry to explore other options.

Buyers 414

Buyers Sellers Government Agents 414

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

FEBRUARY 13, 2024

Century 21 Regency Realty agent Cheryl Piccinini has lived and traveled all over the world, but there is no place she would rather be than Alabama. “No Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. You can find the city, the country. We’ve got beaches.

Construction 353

Construction Supply Chain Inventory Agents 353

Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. But since June 30, prices have leveled off to about $530,000, according to data provided by Stacie Herrig, who is a Boise-based agent at Fathom Realty.

Real Estate 440

Real Estate Realty Brokerage Realtors 440

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. For the same period this year, the company has 4,007.

Marketing 395

Marketing Inventory Renovations Investors 395

Housing Wire

JUNE 10, 2022

This week’s HW+ member spotlight features Stacy Esser, founder and team leader at Stacy Esser Group/SEG Realty Keller Williams. His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

Sellers 380

Sellers Housing Market Inventory Buyers 380

Housing Wire

DECEMBER 27, 2023

“I’ve been on about 11 listing appointments in the last three weeks and about 50% of the people had heard about the Sitzer/Burnett suit and trial and they have questions about it,” the sales manager for the Massachusetts-based Chinatti Realty Group said. A wise agent right now is talking to buyers and sellers,” Brown said.

Real Estate Agent 416

Real Estate Agent Real Estate Agents Clients 416

Housing Wire

MARCH 13, 2023

Tsai works with both homebuyers and tenants and while he says his business is typically split 50/50 between buyers and tenants, he has noticed a shift as mortgage rates have risen over the past six months. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said.

Housing Market 338

Housing Market Marketing Tenants Buyers 338

Housing Wire

SEPTEMBER 9, 2020

and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. We have about two months of inventory and the buyer demand is just crazy.”

Agents 477

Agents Marketing Clients Buyers 477

Housing Wire

SEPTEMBER 30, 2020

“There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. Jackie Merchant, Realtor at Coldwell Banker Realty in Sacramento-Sierra Oaks, said she doesn’t think her market will be slowing down anytime soon.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Lamacchia Realty

JUNE 18, 2021

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?

Sellers 67

Sellers Realty Buyers Realtors 67

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

OCTOBER 21, 2022

Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand has cooled and inventory has risen dramatically. However, as mortgage rates continue to rise, home-buying demand cools further and concerns about a possible recession become more prevalent.

Marketing 330

Marketing Inventory Housing Market Agents 330

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? 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 2020 during the stay-at-home mandates.

Sellers 67

Sellers Realtors Buyers Inventory 67

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

NOVEMBER 20, 2023

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their  September and October are usually the months with an increased number of homes on the market, and as those homes sell or people begin taking them off the market, inventory decreases.

Sellers 66

Sellers Inventory Buyers Realty 66

Lamacchia Realty

JANUARY 25, 2024

As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. The decline in inventory has made it impossible for prices to decrease due to demand.

Inventory 57

Inventory Sellers Buyers Real Estate 57

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. A significant drop in inventory has caused prices to continue their ascent.

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. In life, we sometimes find ourselves plunging headfirst in t o the unknown.

Real Estate Agent 346

Real Estate Agent Real Estate Agents Clients 346

Lamacchia Realty

MARCH 24, 2022

In an unforeseen twist to the market, Tuesday saw 30-year mortgage rates reach 4.72% and surpass the level they weren’t predicted to reach until the end of the year. Mortgage News Daily. With the rates from last month at 3.92%, the monthly mortgage payment would have been $1,891.26. What does this mean for sellers?

Mortgage 62

Mortgage Sellers Buyers Realty 62

Lamacchia Realty

FEBRUARY 27, 2024

As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet. What does this mean for Sellers ? Specifically, in January 2024, mortgage rates loomed close to 7%.

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

FEBRUARY 27, 2024

As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet. In Massachusetts inventory is up when compared to 2022, but not nearly enough to meet the buyer demand in the market.

Sellers 62

Sellers Real Estate Buyers Inventory 62

Lamacchia Realty

FEBRUARY 27, 2024

Despite the continuous demand to live in South Florida , inventory in South Florida over the last several months has been rising, and this month the trend continued with levels just slightly above 2021. As such, buyer affordability is still diminished due to mortgage rates and increasing home prices. What does this mean for Sellers ?

Inventory 52

Inventory Sellers Real Estate Buyers 52

Lamacchia Realty

NOVEMBER 28, 2022

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season.?Their Historically, for home sellers who list in the late summer and early fall, their? because the inventory during that time is typically at a higher point for the year.?September

Sellers 73

Sellers Inventory Buyers Realty 73

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 south florida housing report July Highlights Mortgage rates and limited inventory continue to be the driving factors behind today’s real estate market data – specifically sticking out when looking at home sales and new listings which are both down across all counties and categories in South Florida. compared to July 2022.

New Listings 54

New Listings Inventory Real Estate Sellers 54

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Lamacchia Realty

FEBRUARY 27, 2024

As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet. In Maine inventory is up when compared to 2022, but not nearly enough to meet the buyer demand in the market.

Sellers 56

Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

JANUARY 31, 2024

Unlike Northern states, South Florida inventory is rising, with 2023 ending above 2021 and 2022 levels. Home sales should increase, especially if mortgage rates continue to trend downward or stay as they are now. The number of pending sales decreased by 16.8% with 3,578 in 2023 compared to 4,298 in 2022.

Inventory 59

Inventory Real Estate New Listings Realty 59

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. In fact, the number of homes listed in the first half of 2023 is the lowest in recorded history , keeping inventory extremely tight.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Lamacchia Realty

FEBRUARY 23, 2024

As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet. In New Hampshire inventory is up when compared to 2022, but not nearly enough to meet the buyer demand in the market.

Sellers 55

Sellers Real Estate Buyers Inventory 55

Lamacchia Realty

OCTOBER 25, 2023

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. It means they’re down.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

NOVEMBER 27, 2023

Mortgage rates officially went over 8% in the month of October according to Mortgage News Daily. October proved to be a challenging month for buyers, with mortgage rates reaching levels not seen for more than 20 years, and inventory levels still unable to support demand. What does this mean for Sellers ?

Sellers 65

Sellers Real Estate Buyers Inventory 65