Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Empire Appraisal Group

MAY 13, 2021

source: ‘This Isn’t a Bubble’ | Realtor Magazine. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. Lawrence Yun, chief economist of the National Association of REALTORS®, agrees. ‘This Isn’t a Bubble’. He told Axios last month: “This is not a bubble.

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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.

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Housing Wire

MARCH 21, 2024

From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – bounced 9.5% Here is some perspective on the NAR active inventory data: Since 1982, traditional normal inventory levels range between 2 million and 2.5

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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. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.

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Listing Spark

JUNE 27, 2023

. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.” Despite slowing sales and increasing inventory, Texas remains a seller’s market, as noted by Aaron Jistel, the co-founder of ListingSpark 2. Here, the median home price has decreased by 4.3%

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Empire Appraisal Group

JULY 6, 2022

Wary buyers and rising interest rates may affect some U.S. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages. Unlikely to Feel Impact from Slowing Market | Florida Realtors. markets, but Fla.’s Source: Fla.

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McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

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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.

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Housing Wire

AUGUST 26, 2021

” Khater added that purchase application demand is improving, but very low inventory is the major obstacle to higher home sales. While borrowers weigh the benefits of refinancing their mortgage, in the purchase market, they still face rising prices and a lack of inventory. The lack of inventory is not expected to improve soon.

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Housing Wire

DECEMBER 20, 2023

From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month 2022. Unsold inventory sits at a 3.5-month

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Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Top Ranked Realtors: Paige Martin & The Houston Properties Team. 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.

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Housing Wire

DECEMBER 29, 2020

Home prices have continued to increase this year as a result of low inventory and high demand for homes. Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. respectively.

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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.

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Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

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Houston Properties

JANUARY 12, 2022

This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Best Houston Realtors: Paige Martin & The Houston Properties Team. Best Houston Realtors: Paige Martin & The Houston Properties Team.

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Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

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Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers.

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Will Springer Realtor

SEPTEMBER 8, 2021

That’s the most since 2007. The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. BY THE NUMBERS. >> Buyers secured 3.8 That’s fair.

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Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

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Will Springer Realtor

MAY 9, 2022

This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows).

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Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022.

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Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

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