Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 61

Bracketing HOA Sellers Buyers 61

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Appraisal Today

FEBRUARY 3, 2023

I quit doing residential lender appraisals in 2005. Shoppers, for example, can enter phrases like “$700K homes in Charlotte with a backyard” or “open house near me with four bedrooms” directly into the search bar, rather than starting with a location and having to filter through the homes they find, Zillow said.

Appraisal 40

Appraisal Contracts Business Mortgage 40