Housing Wire

JULY 15, 2022

Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. NAR recently shared that there are nearly 30% more homes available for sale compared to earlier in the year but that buyers need to earn at least $125,000 to afford to buy most of these additional homes. .

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Real Estate Realtors Brokerage Business 397

Housing Wire

SEPTEMBER 13, 2022

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Traditionally speaking, post-2012, inventory growth came in years where demand was weaker from mortgage buyers: 2014 and 2022. Can you blame home sellers? in 2021 and as high as 6.25% in 2022.

Mortgage 520

Mortgage Inventory New Listings Sellers 520

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 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. You need a buyer and seller,” Brown said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

JANUARY 25, 2023

in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. We can also expect low housing demand, which favors buyers. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5%

Housing Market 432

Housing Market Marketing Inventory Sellers 432

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. million, with a peak in 2007 a tad over 4 million. months to 3.3

Inventory 473

Inventory Marketing Housing Market New Listings 473

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.”

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Housing Market Finance Marketing Mortgage 384

Housing Wire

MARCH 23, 2021

Due diligence to verify the destination account of an escrow or down payment is also essential, since such transfers can’t be undone, and there is little recourse for seller or buyer once the sum is gone. Banks have no choice but to honor these loans and, in the 2007 financial crisis, we saw the devastating consequences.

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Lending Mortgage Sellers Technology 450

Housing Wire

JANUARY 16, 2023

This is a problem for the existing home sales market since a traditional seller is usually also a buyer, so the lack of listing growth was a big hit to demand. As you can see below, the waterfall dive in existing home sales has taken us toward the level of 2007-2008 monthly home sales. Same week last year: (Jan.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Lamacchia Realty

JANUARY 10, 2024

Anthony Lamacchia Broker/Owner Heidi has been successfully helping buyers and sellers find success since 2007, armed with her vast industry experience, resources, and the continuous education she pursues – all to benefit her clients!

Realty 71

Realty Clients Insurance Agents 71

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 65

Bracketing Marketing Sellers Buyers 65

Housing Wire

FEBRUARY 16, 2022

He said the outlook for MSR assets “remains very strong, driving [price] multiples to very attractive levels for prospective sellers.”. “As The bank also has been a net seller of MSRS in recent years, posting MSR net sales totaling nearly $2 billion combined for 2020 and 2021 — and $20.9 billion in 2020 to $138.4 billion for 2019.

Marketing 384

Marketing Mortgage Sellers Valuation 384

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

Housing Wire

JUNE 25, 2023

The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. million The peak in 2007 was a bit over 4 million Currently we’re at 1.08 Also, NAR updated its inventory report showing a year-over-year decline in inventory.

Inventory 410

Inventory Housing Market Marketing New Listings 410

Listing Spark

JUNE 27, 2023

National Landscape: Indications of a Seller’s Market As detailed in a recent article by Matt Carter published on June 9, 2023, a national sentiment heavily favoring sellers prevails 1. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.”

Real Estate 69

Real Estate Sellers Inventory Marketing 69

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. I don’t need to see total active listing get back to the historical range of 2-2.5 million to take the savagely unhealthy theme off, but I do need us to get into a range between 1.52-1.93

Inventory 384

Inventory New Listings Law Housing Market 384

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

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.

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Real Estate Sellers Buyers Real Estate Agent 36

Housing Wire

DECEMBER 29, 2022

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Listing Spark

JUNE 16, 2023

.” [00:04:36] Austin real estate sales volume and velocity in April 2023 Austin’s housing market in April saw a decline in new listings and sales volume, but the market remains a seller’s market. Buyers now have more negotiating leverage, but high interest rates somewhat neutralize these benefits. [00:07:25

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Lamacchia Realty

NOVEMBER 3, 2021

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. Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 66

Realtors Realty Real Estate Agents 66

Lamacchia Realty

AUGUST 9, 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. Click here to learn more about Cyndi: Cyndi Deshaies Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

Realtors 63

Realtors Realty Real Estate Clients 63

Lamacchia Realty

JANUARY 16, 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. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realtors 73

Realtors Realty Real Estate Agents 73

Lamacchia Realty

JUNE 6, 2022

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. Click here to learn more about Eileen Doherty Darlene Umina has been a REALTOR® since 2007 and with Lamacchia since 2014.

Realtors 67

Realtors Realty Real Estate Clients 67

Lamacchia Realty

MAY 5, 2023

Click here to learn more about Bea: Bea Murphy Heidi Weed has been helping buyers and sellers throughout the process by sharing her experience, tools, and resources since 2007. Most recently, Bea was named in Boston Agent Magazine’s Who’s Who for 2023!

Realtors 74

Realtors Realty Clients Real Estate 74

Housing Wire

JANUARY 27, 2023

The builders don’t like to see supply of existing homes growing for fear that their buyers might cancel on them. The growth of supply means demand is getting weaker, which will require builders to give more incentives to buyers. Here’s the breakout: 71,000 new homes have been completed: 1.4 months of supply.

Mortgage 545

Mortgage Construction Buyers Inventory 545

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. In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. Now on to the report.

Construction 508

Construction Inventory Marketing Buyers 508

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. Darlene Umina has been a REALTOR® since 2007 and with Lamacchia since 2014. To learn more about AJ, click here: AJ Bruce. Watch AJ’s bio video by clicking here.

Realtors 72

Realtors Realty Real Estate Agents 72

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.

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Bracketing HOA Sellers Buyers 60

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

Appraisal 88

Appraisal Real Estate Contracts Business 88

Housing Wire

DECEMBER 20, 2023

From NAR : First-time buyers were responsible for 31% of sales in November; Individual investors purchased 18% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 25 days. The marketplace data told us we had no stressed sellers in 2023.

Housing Market 458

Housing Market Marketing Inventory Realtors 458

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. Buyers have fewer choices than normal in the past eight years — but in reality, since 1982. months and above.

Construction 522

Construction Housing Market Inventory Mortgage 522

Housing Wire

JUNE 7, 2022

According to the report, institutional investors that jumped into the single-family properties market following the housing market crash in 2007 to convert them to rentals also played a role. This proved to be a profitable business model but served to reduce home inventory,” said Sklarz.

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Inventory Housing Market Investors Sellers 421

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Avoid 9 Costly Mistakes Sellers 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!

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

MAY 31, 2022

Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm. New Western calls itself “the largest private source of investment properties in the country,” connecting more than 100,000 local investors looking to rehab houses with sellers. Department of Agriculture (USDA).

Mortgage 384

Mortgage Construction Lending Real Estate 384

Housing Wire

MAY 26, 2022

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? Housing tenure ran at five to seven years from 1985-2007 and now is 11-13 years from 2008 2022. Hey, a person can hope, right!

Inventory 522

Inventory Housing Market Construction Marketing 522

Housing Wire

APRIL 20, 2023

NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. million before we saw the massive stress spike in supply from 2005 to 2007.

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Inventory Housing Market Marketing New Listings 528