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Annual home-price growth cooled further in February

Housing Wire

However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. Because most home sales take several months from contract to closing, the data likely includes some deals struck in October and November. to a reading of 297.68. The 10-city home price index also posted a 0.4%

Inventory 341
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Why the US MLS system is the envy of other countries

Housing Wire

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. experience.

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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. 30-Year Fixed Mortgage Rates from 2000 to today.

Inventory 243
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Appraiser Liability Risks

Appraisal Today

He designed the estate, completed in 2000, from the ground up. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The models aren’t able to think like buyers and sellers. They also play a vital role in supporting accountants in various financial matters. The problem?

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Massachusetts 2023 Year in Review

Lamacchia Realty

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% A lot of it had to do with anemic inventory.

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Rhode Island 2023 Year in Review

Lamacchia Realty

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 number of homes placed under contract decreased by 19.3% Sales Decline by 23.2%

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2023 Maine Year in Review

Lamacchia Realty

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%