2007 Buyers Contracts Inventory 
Lamacchia Realty
JUNE 21, 2022
In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.
Housing Wire
DECEMBER 19, 2022
This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
AUGUST 1, 2023
Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. The median price of the homes in contract is $385,000. Both lines indicate about 70,000 contracts.
Appraisal Today
AUGUST 5, 2022
Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. While some buyers cannot afford the higher mortgage payments, other are choosing to stay on the sidelines in the face of heightened uncertainty in the stock market and the economy in general.
Housing Wire
FEBRUARY 16, 2023
However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now.
Houston Properties
JANUARY 13, 2021
This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Remember: real estate is hyper-local! Household Finances – The Best (Ever).
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 Condo inventory has been rising more than single families as sales have been decreasing since 2023.
Expert insights. Personalized for you.
63 
Let's personalize your content