Housing Wire

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

Real Estate 352

Real Estate Realtors Agents Buyers 352

Housing Wire

MARCH 18, 2022

My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. However, a seller is also a natural homebuyer, unless they’re an investor. You can see why some sellers are stressed now. People who sell need to live somewhere.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 However, not to the degree we saw from 2005-2008. million listings. Today, we stand at 1,310,000 active listings.

Inventory 382

Inventory New Listings Law Housing Market 382

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. No buyer must use a real estate agent — ever. No buyer must use a real estate agent — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. I am repeating myself but bear with me.

Real Estate Agent 424

Real Estate Agent Real Estate Brokerage Agents 424

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. This is no different than ignoring declining trends. How do we combat this?

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. So the fact that we are back to an average of 26 days on market makes me happier.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. Now we are getting the call back to balance, which is good.

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

MAY 4, 2022

Demand driven by demographics is different than demand driven by mortgage finance innovation and “fix-and-flip” home buyers, as was the case in the mid-2000s. The only period when the median sale price was greater than house-buying power was from 2005 through 2007, indicating an overvaluation of housing, or a “housing bubble.”

Housing Market 382

Housing Market Finance Marketing Mortgage 382

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. million today.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

MARCH 28, 2022

Logan Mohtashami: Rising rates make housing less affordable, so for a first-time home buyer that doesn’t have the benefit of selling their home with that nested equity, it makes it harder for them. This is much different from the marketplace we saw from 2002-2005, a massive credit bubble. months on a 3-month average.

Housing Market 370

Housing Market Marketing Supply Chain Inventory 370

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. Listing essentially requires sellers to trade in their pandemic-era rates of 2-3% for the current rates hovering in the high 6%-low 7% range.

Sellers 59

Sellers Buyers Real Estate Realty 59

Lamacchia Realty

OCTOBER 25, 2023

Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

Housing Wire

APRIL 30, 2023

We have to remember that a conventional seller is usually also a traditional buyer, so new listings growing toward their seasonal peak throws cold water on the idea that no one will list their homes because they already have a low mortgage rate (the mortgage rate lockdown theory). didn’t go into recession until 2008.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

DECEMBER 29, 2022

The housing market of 2002-2005 had four years of sales growth facilitated by credit. As we can see below, the purchase application data had four years of growth, peaking in 2005 and then collapsing. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. million in 2005.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

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

Lamacchia Realty

AUGUST 3, 2021

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. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. If you price your home even $50K over the rest, your home may be overlooked.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Lamacchia Realty

JULY 7, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. A resident of Hubbardston, Lisa serves central Massachusetts home buyers and sellers with dedication and a relentless work ethic.

Realty 68

Realty Agents Realtors Real Estate 68

Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? Should buyers still be staying in with current interest rates? As the market shifts back to the buyers, sellers are having to make more concessions. powered by Sounder.

Real Estate 36

Real Estate Sellers Buyers Real Estate Agent 36

Cornerstone

SEPTEMBER 3, 2021

A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. For buyers desperately in need of more listings, this is exciting news. As a result, it’s still a seller’s market, so homeowners have the upper hand when they choose to sell and move. Bidding wars and high buyer competition.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Lamacchia Realty

FEBRUARY 3, 2022

Growing up in Shrewsbury and residing in Worcester with her husband and son for the past 20 years, she is able to assist her buyers and sellers in Worcester County with complete confidence. To learn more about Deanna, click here: Deanna Faucher Elisha Lynch obtained her real estate license in 2005.

Realty 71

Realty Realtors Real Estate Clients 71

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. This means new homes — with all the bells and whistles — can peel some buyers from the existing home sales market, especially if they pay down mortgage rates. Now on to the report.

Construction 502

Construction Inventory Marketing Buyers 502

Lamacchia Realty

SEPTEMBER 7, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. Heidi is a stellar real estate agent who, since 2005, has been helping her clients buy and sell homes with ease and friendliness.

Realty 74

Realty Realtors Real Estate Clients 74

Housing Wire

MARCH 23, 2022

It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Like home sellers, they try to make as much money as possible. percent (±11.9 percent (±13.7

Mortgage 483

Mortgage Inventory Housing Market Construction 483

Will Springer Realtor

JANUARY 3, 2023

A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. To raise awareness of this matter, the Seller Disclosure Statement now includes a notice to buyers and sellers about the process to remove discriminatory covenants.

Real Estate 36

Real Estate Technology Investing Legal 36

Housing Wire

MAY 26, 2022

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. Credit stress was evident from 2005 to 2008. What is going on here?

Inventory 519

Inventory Housing Market Construction Marketing 519

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether.

Inventory 477

Inventory Construction Housing Market Mortgage 477

Lamacchia Realty

JULY 7, 2022

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. To learn more about Shauna, click here: Shauna Fanning Elisha Lynch obtained her real estate license in 2005. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 68

Realtors Realty Real Estate Clients 68

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can. I never had more than one assistant and no appraisers after that, and finally quit doing lender residential appraisals in 2005.

Appraisal 85

Appraisal Training Inspection Real Estate 85

Housing Wire

MARCH 28, 2022

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. Having everything in-house enables iBuyers to lower closing costs for buyers and sellers, offer real-time, 24/7 customer support and provide unique financing solutions for buyers.

Real Estate 382

Real Estate Marketing Insurance Buyers 382

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. This means we won’t be working from record-breaking demand of high sales like we did at the peak of 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

Construction 370

Construction Housing Market Sellers Marketing 370

Lamacchia Realty

JANUARY 5, 2023

Accordingly, Lisa was named a real estate All-Star in the Northshore Magazine for being able to expertly assist both buyers and sellers on the North Shore. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realtors 72

Realtors Realty Real Estate Agents 72

Lamacchia Realty

APRIL 8, 2024

Paul Dubuque has been a Realtor since 2005 and joined Lamacchia Realty in 2019 when First Team Realty merged with Lamacchia Realty Chelmsford. Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area. Most recently, Anthony was featured on the 2024 Who’s Who List in Boston Agent Magazine.

Realtors 71

Realtors Realty Real Estate Agents 71

Lamacchia Realty

DECEMBER 7, 2021

Elisha Lynch obtained her Real Estate license in 2005. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. To learn more about Amy, click here.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

APRIL 14, 2022

“Our goal is always to make our clients as appealing as possible to a seller to help increase their conversion of getting their offer accepted. trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. ” Others that leaned purchase in 2021 included depository U.S. .”

Mortgage 519

Mortgage Marketing Retail Lending 519

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 60

Bracketing HOA Sellers Buyers 60

Housing Wire

DECEMBER 23, 2022

The truth here that nobody wants to talk about is that we didn’t have a massive sales credit boom in housing from 2020-2021 like we saw from 2002-2005. We must remember that the builders don’t operate like existing home sellers; they treat their products as commodities.

Construction 370

Construction Housing Market Mortgage Sellers 370

Housing Wire

APRIL 25, 2023

As we can see in the chart below, it’s not like the new home sales market is booming at all; we aren’t anywhere near the top of sales in 2005 or in 2020. percent (±15.2 percent)* above the revised February rate of 623,000, but is 3.4 percent (±12.7 percent)* below the March 2022 estimate of 707,000. When did this all happen?

Inventory 477

Inventory Housing Market Construction Marketing 477