Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun.

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Inventory Housing Market New Listings Marketing 540

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

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Inventory New Listings Housing Market Sellers 527

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. There’s buyer fatigue and real questions about affordability.” on pace for 6.29

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Real Estate Realty Brokerage Realtors 446

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher. “The

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Housing Market Finance Contracts Inventory 481

Housing Wire

MARCH 28, 2022

That’s nearly 200,000 above the previous peak in 2006. Working with buyers scrambling to compete in an insane seller’s market has become a 24/7 job; homes sell in the blink of an eye. iBuying has opened up a completely new path for sellers. This has created an environment of scarcity.

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Realtors Real Estate Agent Marketing Advertising 368

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% Image by Brandon Johnson/HW Media.).

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Sellers Inventory Housing Market New Listings 501

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.

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Cornerstone

APRIL 30, 2021

Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. It’s an ideal time for sellers to take advantage. Sellers who may have been reluctant to list in the past few years are now considering it. Spring is a favorable season for move-up buyers.

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Sellers Buyers Inventory Loan Officers 66

Lamacchia Realty

FEBRUARY 15, 2023

After over a decade of serving buyers and sellers in New Hampshire, Lamacchia Realty is in the process of opening their first branch office in The Granite State! We are very excited to serve dramatically more homebuyers and sellers in the Southern New Hampshire market and in time grow all the way up the state with additional offices.”

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Realty Realtors Renovations Sellers 74

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime.

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Inventory New Listings Law Housing Market 383

Lamacchia Realty

JANUARY 12, 2024

Since its establishment in 2006, Lamacchia Realty has been dedicated to serving the needs of both buyers and sellers. Lamacchia Realty was also ranked number one as the number one independent brokerage in Worcester County with the highest sales volume and the highest number of closed transactions for all of 2023.

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Realty Brokerage Realtors Training 60

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty has been serving buyers and sellers since 2006.  The Hudson Office is home to plenty of distinguished REALTORS®, including Kerryann Murphy who qualified for the 2022 President’s Club by surpassing 33 transactions in 2022. Get to know all the Lamacchia Realty Hudson Office REALTORS® here!

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Realty Brokerage Realtors Tools 66

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. Mortgage rates have also jumped to north of 3% ; at its current pace, the Mortgage Bankers Association is forecasting rates will reach nearly 3.5% by the end of 2021.

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Buyers Sellers Inventory New Listings 545

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty has been serving buyers and sellers since 2006.  Cervone , Eileen Doherty , Kelly Dimbat , Krista Matthews, and Marjorie McCue. . Get to know all the Lamacchia Realty Woburn Office REALTORS® here!  Most recently, the company was ranked as the # 2 Top Place to Work in the Boston area.

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Realty Realtors Brokerage Tools 65

Lamacchia Realty

MARCH 6, 2023

Lamacchia Realty has been serving buyers and sellers since 2006. Lamacchia Realty fuels its rapid and continuous growth by its formula of offerings to its agents in addition to its unique selling tools for consumers, like Buydowns , Assumable Mortgages , and the  Offer Now  Program.

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Realty Real Estate Realtors Tools 36

Lamacchia Realty

APRIL 8, 2024

Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area. To learn more about Cristina, click here: Cristina Coppola Jeffrey Harris is a seasoned Residential and Commercial Realtor®️ with a track record spanning back to 2006. To learn more about Paul Dubuque, click here.

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Realtors Realty Real Estate Agents 72

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty has been serving buyers and sellers since 2006.  Along with Laurie, the Leominster office is home to three of our President’s Club REALTORS®, including Cyndi Deshaies , Laurie Howe Bourgeois , both of whom achieved ELITE level, and Kevin Cormier.

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Realty Brokerage Realtors Training 65

Lamacchia Realty

JANUARY 12, 2024

John Millen Director of Business Development Since its establishment in 2006, Lamacchia Realty has been dedicated to serving the needs of both buyers and sellers. Congratulations to our dedicated Lamacchia agents, our exceptional staff, and the incredible clients who played a key role in making it happen again!"

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Realty Brokerage Realtors Clients 64

Lamacchia Realty

JANUARY 11, 2023

Having two of the top five offices in the county creates a significant market share. Lamacchia Realty has been serving buyers and sellers since 2006.  The Lamacchia Leominster office also had high ranking coming in at number 4 in closed transactions in Worcester County as well.

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Real Estate Realty Realtors Brokerage 68

Lamacchia Realty

DECEMBER 7, 2022

Lamacchia Realty has been serving buyers and sellers since 2006. Lamacchia Realty fuels its rapid and continuous growth by its formula of offerings to its agents in addition to its unique selling tools for consumers, like Buydowns , Assumable Mortgages , and the  Offer Now  Program.

Realty 69

Realty Realtors Agents Tools 69

Appraisal Today

JULY 21, 2023

This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool. Listed for $42.5

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Appraisal Real Estate Contracts Business 90

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer.

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Appraisal Agents Real Estate Real Estate Agent 81

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

MAY 21, 2021

Steep competition stirred in part by low mortgage rates, demographic factors and an improving economy is pushing home prices up at the strongest pace in decades, with sales happening at lightning speed and often for well above list price, noted Zillow Economist Matthew Speakman.

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Inventory Buyers New Listings Marketing 417

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? The housing market shifted in March of this year.

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Inventory Housing Market Construction Marketing 520

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal Valuation Contracts Modernization 59

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Homelight , a platform for homebuyers and sellers, was No. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 5000 edition.

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Real Estate Real Estate Agent Technology Investors 370

Housing Wire

FEBRUARY 14, 2022

Redfin, on the other hand, has had agents as employees since Glenn Kelman founded it in Seattle in 2006. Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal. Realogy bought ZipRealty for $166 million in 2014.

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Business Brokerage Real Estate Agent Agents 370

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

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Housing Market Marketing Construction Inventory 545

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

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Housing Market Marketing Supply Chain Real Estate 395

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%

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Inventory Sellers Contracts Buyers 70

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Although this was not the strongest showing for new home sales due to supply chain issues, and material and labor shortages, 2021 was the best year for existing home sales since 2006.

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Real Estate Agent Real Estate Agents Brokerage 416

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 decline can be attributed partly to buyers grappling with the affordability challenge posed by higher interest rates and continually escalating prices.

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Inventory Sellers Buyers Contracts 54

Lamacchia Realty

JANUARY 25, 2024

Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. Sales Decline by 18.9%

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Inventory Sellers Buyers Contracts 52

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Therefore, most would-be sellers are in a holding pattern.

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Sellers Buyers Real Estate Inventory 78

Appraisal Today

DECEMBER 22, 2023

It’s a type of functional obsolescence in which the structure or one of its components is overly improved to a capacity or quality than a prudent buyer or owner would build or pay. Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. Mortgage applications decreased 1.5 Current number of licensees is 202,852.

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Appraisal Business Contracts Real Estate 76

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

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Appraisal Insurance Real Estate Business 52