Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. I am a big fan of inventory to 2019 levels.

Inventory 447

Inventory Housing Market New Listings Mortgage 447

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

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. As you can see, sales levels were never elevated like what we saw from 2002-2005. The only way this happens is by higher rates.

Housing Market 393

Housing Market Inventory Construction Marketing 393

Appraisal Today

AUGUST 13, 2023

Dear Sellers, the housing market misses you It’s tough to value properties today! Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent from 6.93

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6 percent (±10.9 months and above.

Construction 370

Construction Housing Market Sellers Marketing 370