Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts.

Tools 241

Tools Sellers Real Estate Contracts 241

Lamacchia Realty

JANUARY 25, 2024

This report breaks down state-wide sales (previous years mostly covered Southern NH and the Lakes Region ), average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022, and discusses what is predicted to unfold in 2024. Average prices for closed sales increased by 7.2%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 25, 2024

This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022 and discusses what is predicted to unfold in 2024. The number of homes placed under contract (pending), decreased by 17.7% Average prices for closed sales increased by 3.4%

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

JUNE 10, 2022

The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario. The book of mortgages that have been written in the last 10 years are the strongest book of mortgages in any single decade ever and the opposite was the case leading up to 2008.

Marketing 62

Marketing Sellers Buyers Inventory 62

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1% Again, condos have had a rougher go of it.

HOA 49

HOA Inventory Buyers Contracts 49

Cleveland Appraisal Blog

MARCH 18, 2021

Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. Whether or not the seller makes a lot of money on the deal is none of my concern. I saw this exact same scenario play out in the years leading up to 2008.

Appraisal 195

Appraisal Investors Buyers Market Value 195

Eppraisal

MAY 12, 2021

Buyers are placing their best offers to get sellers to choose them. Escalation Clause Advantage An escalation clause is an addendum to a real estate contract that some buyers are using in this sizzling seller's market. Some sellers are even asking buyers to waive appraisals. by mid-2021 and end up 10.5%

Sellers 67

Sellers Real Estate Buyers Home Value 67

Lamacchia Realty

JULY 26, 2023

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted) The number of homes placed under contract declined 20.8%

Sellers 57

Sellers Inventory Buyers Contracts 57

Appraisal Today

JULY 21, 2023

Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. In my market after 1986, all the down markets, such as 2008, had significant price declines in foreclosures, and appraisers were needed to appraise them.

Appraisal 90

Appraisal Real Estate Contracts Business 90

Lamacchia Realty

JULY 22, 2022

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted). The number of homes placed under contract declined 13.7%

Sellers 73

Sellers Buyers Inventory Contracts 73

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Slow market with 100% seller financing. Just before the crash, we sold it in April 2008 for $1,000,000. The average contract interest rate for 5/1 ARMs increased to 6.22

Contracts 85

Contracts Appraisal Mortgage Inspection 85

McKissock

JANUARY 31, 2023

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” Was the seller highly motivated?

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Lamacchia Realty

APRIL 15, 2022

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. As Anthony said back when the pandemic started in our This is Not 2008 blog , you can’t have a housing crash where prices plummet if the inventory of homes for sale is going down.

Marketing 66

Marketing Sellers Buyers Inventory 66

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow. The only problem, nobody wanted a 7.5% in 2022 to 3.4

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? How to vet real estate agents as a seller.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Listing Spark

NOVEMBER 17, 2022

Sellers are also willing to offer concessions. Here are different concessions sellers can offer to make their listing more competitive. Why the 2008 housing crisis is different than what’s going on in the market today. Pre-2008, there were less qualifications to obtain those mortgages.

Real Estate 36

Real Estate Mortgage Buyers Sellers 36

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? You can’t buy what’s not for sale!

New Listings 59

New Listings Inventory Buyers Sellers 59

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Lamacchia Realty

FEBRUARY 22, 2022

It was also a clear rebuke of the theory that the Covid pandemic would cause a similar crash to 2008. Prices very clearly skyrocketed in 2021 when compared to previous years, again because demand was so high and supply was so low, sellers could almost name their price. Pending Home Sales (contracts accepted). Prices Up by 13.1%

Inventory 51

Inventory Sellers Buyers Real Estate 51

Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. If the factors that affect this change are not taken into consideration when pricing a home for sale then the appraisal and the contract price may not line up. Needless to say, the appraisal was less than the contract.

Appraisal 63

Appraisal Marketing Contracts Buyers 63

Will Springer Realtor

JANUARY 10, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167). Home sales fell a stunning 43% in King for the year ending December.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Appraisal Today

AUGUST 5, 2022

Is it headed for a crash like in 2008? Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Find out why not.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.

Sellers 74

Sellers Inventory Buyers Realtors 74

Appraisal Today

JULY 29, 2022

But is it because sellers are rushing to list their homes? 1) The spike in housing supply is NOT due to sellers: In a short period of time, we went from having three weeks of supply in the Sacramento region to ten weeks. It’s easy to pin this on sellers rushing to list, but that’s NOT the case. That’s not the culprit.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

MARCH 22, 2024

We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” What we recommend is that before you put a property under contract, you consult and get a quote so that you know what your potential insurance costs will be.” It is very busy.

Insurance 386

Insurance Inventory Marketing Real Estate 386

Lamacchia Realty

JANUARY 28, 2022

Homes Pending (contract accepted) – All of NH. In 2021 there were 27,131 homes listed for all of NH and 26,354 homes marked pending with accepted contracts. Seller Resources. Supply is being consumed at almost the same rate that it’s being made available, which we refer to as the Pac-Man effect. Additional Resources.

Buyers 45

Buyers Contracts Inventory Real Estate 45

Housing Wire

OCTOBER 12, 2022

Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% contraction in real GDP in 2023.

Contracts 414

Contracts Modernization Housing Market Mortgage 414

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. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers.

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

Town & Country Residential Appraisals

JANUARY 24, 2020

The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” They always come in at exactly the contract price. If agents have done their job, then the contract price should be close to the market value.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. homes this year, below expectations and a figure not seen since 2008 in the heart of the housing crash. At least that’s what some economists have expressed.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. were flipped last year, down 29% from 2022 and the largest annual drop since 2008. News of the settlement and its impact topped last month’s newsletter.

HOA 36

HOA Transportation Construction Buyers 36

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Get PDF Now.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

AUGUST 4, 2023

With AMCs taking over residential appraisals starting in 2008, there is much more additional stress from fee competition, which had never occurred before, even during the down cycles. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.93 percent from 6.87

Appraisal 72

Appraisal Business Contracts Real Estate 72

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

Appraisal Today

SEPTEMBER 23, 2022

Sellers Chasing the ball down the road in real estate. Work for buyer, seller, or both. Minus: Sometimes differences of opinion between buyer and seller. Sales are slow, and sellers are more willing to accept VA loans. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.85

Appraisal 52

Appraisal Marketing Business Contracts 52

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 429

Housing Market Inventory Contracts Marketing 429