Lamacchia Realty

AUGUST 3, 2021

Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. If a month goes by, contact your REALTOR to discuss an adjustment on the list price.

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Housing Wire

DECEMBER 20, 2023

However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%.

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Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. 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. In addition, mortgage rates are at an all-time low.

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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? We’ll dive into how the current real estate market is affecting buyers, sellers, and investors with Ellen Steele, a Realtor with ListingSpark that has had over $10M in sales in the last 12 months.

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Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. When there are market changes it often takes sellers time to first realize it and then be willing to accept it. This can be particularly important in a buyer’s market, where buyers have many options and sellers need to stand out.

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Appraisal Today

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M The seller wanted that to be a part of the home, and he didn’t want it down in a cellar.

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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. Mortgage Rates.

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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

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. Who said this is a sellers’ market? A modicum of relief is on the way. Economists forecast housing starts will rise a promising 5% in 2022.

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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. Best Houston Realtors: Paige Martin & The Houston Properties Team. Best Houston Realtors: Paige Martin & The Houston Properties Team. Table of Contents.

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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. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1

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Will Springer Realtor

SEPTEMBER 8, 2021

That’s the most since 2007. Some mortgage companies are helping RSU holders to include this potential future income in the formula to determine a buyer’s credit worthiness. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. SMILE FOR THE CAMERA.

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

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Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. million for sale today.

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Housing Wire

MAY 17, 2022

Gordon already possessed a vast knowledge of the workings of the Federal Housing Administration , a complex agency within HUD, and the government’s premier mortgage financing product serving first-time homebuyers and borrowers of color. “I I always used to joke with her that she knew more about the program than I did,” Golding said.

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