Housing Wire

MAY 4, 2022

Prior to 2009, housing was overbuilt relative to demand. 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. Since then, the housing market has been underbuilt, and the supply deficit has grown.

Housing Market 375

Housing Market Finance Marketing Mortgage 375

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

Sellers 62

Sellers Buyers Property Taxes Inspection 62

Housing Wire

MARCH 21, 2024

This is from 2009 — I opened up a high-tech real estate brokerage with actual agents, working through transactions day in day out and really understanding what processes look like. For us, it’s all about creating one streamlined experience for whatever that agent is doing with buyers or sellers.

Real Estate 439

Real Estate Technology Agents Brokerage 439

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. Is this still the case, and what is the demand like from first-time buyers? I’m curious how this will impact potential buyers.

Inventory 371

Inventory Marketing Business Buyers 371

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. Listing essentially requires sellers to trade in their pandemic-era rates of 2-3% for the current rates hovering in the high 6%-low 7% range.

Sellers 60

Sellers Buyers Real Estate Realty 60

DW Slater Company

JANUARY 30, 2023

Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates. We will soon be seeing the spring market and it will be interesting to see where mortgage rates are going to be and how confident buyers and sellers will be in the spring market.

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122

Lamacchia Realty

JULY 21, 2023

Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR. Chris Rochon Business Development Consultant Lamacchia Realty has been serving buyers and sellers since 2009. Before he got into the real estate market, Chris spent 30 years working in the customer service industry.

Development 69

Development Business Realty Realtors 69

Housing Wire

APRIL 12, 2022

In 2009, Samson Properties, still led by Danny Samson, created Cardinal Title Group, and soon thereafter gave agents a 100% commission. “We The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side). That changed amid the Great Recession.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Will Springer Realtor

AUGUST 1, 2023

Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. Once an offer is received in a short sale, the seller must review and accept it before it can be submitted to the lender. What is a short sale?

Sellers 36

Sellers Buyers Real Estate Legal 36

Housing Wire

MAY 15, 2024

According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022. That’s needed more than ever.

Design 374

Design Buyers Construction Marketing 374

Lamacchia Realty

JULY 14, 2023

Mike McGrory Vice President of Lamacchia Property Management Lamacchia Realty has been serving buyers and sellers since 2009. Before potential buyers walk into your home, what do Read More » The post Kara Foley Announced as the Cape Cod Regional Manager appeared first on Lamacchia Realty.

Realty 64

Realty Property Management Real Estate Realtors 64

Listing Spark

AUGUST 17, 2023

FHA loans are becoming an increasingly popular option for buyers all across the home market. The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

Investors 36

Investors Investing Buyers Real Estate 36

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. Or sometimes buyers will simply put the word out on Facebook: “Getting ready to buy! A: In a home, our buyers, who mostly buy condos, want the same thing everyone else does — a little more than they can afford! A: Inventory.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

Listing Spark

DECEMBER 15, 2022

How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. 00:05:38] How to qualify buyers so that you have a low default rate on owner financing deals. 00:07:03] Why some buyers can’t qualify for more traditional financing.

Finance 36

Finance Investing Real Estate Lending 36

Housing Wire

DECEMBER 20, 2021

To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes.

Mortgage 371

Mortgage Government Contracts Insurance 371

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. I got it mostly for MLS access and have only done one sale, representing the buyer.

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

Appraisal Today

JULY 1, 2022

Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 2) Many sellers are distracted by hot headlines from the past. 10) Buyers have more opportunities. More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots. Click here for more info! June 21, 2022.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Lamacchia Realty

FEBRUARY 15, 2024

During his time as a REALTOR®, Joseph expertly served buyers and sellers throughout Massachusetts and Rhode Island since 2017. "We Joseph Ribeiro Business Development Consultant, REALTOR® Lamacchia Realty has been serving buyers and sellers since 2009. We are so excited to add Joey to our team.

Development 72

Development Business Realty Realtors 72

Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 1,943 EmpowerHome 289% 2006 A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties.

Real Estate 369

Real Estate Real Estate Agent Technology Investors 369

Appraisal Today

JUNE 3, 2022

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. Sellers, it’s time to listen.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

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. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. Home prices declined subsequently.

Inventory 368

Inventory Contracts Buyers Mortgage 368

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Many agents have noted that their buyers are reticent to purchase in this manner.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Therefore, most would-be sellers are in a holding pattern.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Quicken Loans

APRIL 12, 2021

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. However, a motivated seller doesn’t always mean the home will sell for dirt cheap.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Appraisal Today

AUGUST 25, 2023

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. The seller wanted that to be a part of the home, and he didn’t want it down in a cellar. The 900 sq.ft. Why Does MLS Availability Affect Appraisals?

Appraisal 77

Appraisal Real Estate Agent Agents Real Estate 77

Simonson Real Estate

JUNE 22, 2020

The Trepp CMBS Delinquency Rate in May logged its largest increase since it started tracking this metric in 2009. One indication of buyer expectations becoming increasingly cautious in the multi-family market is that one commercial real estate broker has reported eight multifamily deals that have been sidelined recently.

Valuation 146

Valuation Real Estate Appraisal Retail 146

Lamacchia Realty

JUNE 2, 2023

Beth Allen-Byrd Connecticut Regional Manager Lamacchia Realty has been serving buyers and sellers since 2009. I’m forever grateful for the extraordinary team of professionals I have the honor of working with every single day at Lamacchia.”

Realty 73

Realty Brokerage Realtors Agents 73

Will Springer Realtor

DECEMBER 11, 2022

BY THE NUMBERS. >> Seven in 10 home buyers from 2021 and 2022 have regrets about their purchase, with 30% saying they spent too much on the property. That’s according to a survey of a thousand buyers by Clever Real Estate , which noted four in 10 respondents paid 21% or more above the asking price. Census Bureau.

Buyers 36

Buyers Finance Real Estate Sellers 36

Lamacchia Realty

AUGUST 30, 2022

Lamacchia Realty began in 2009 as a team model which in one year became #1 in Massachusetts and continued to hold that title for five consecutive years. This is an incredible step for an independently owned brokerage, particularly in 2020 during which the pandemic could have all but derailed efforts to reach this level of sales volume.

Realty 69

Realty Realtors Brokerage Agents 69

Appraisal Today

FEBRUARY 9, 2024

Homebuilding has been on an upward trajectory since 2009 as builders have slowly climbed their way out of the hole caused by the Great Recession. That has made it hard for some individual sellers of existing homes to compete for buyers. To read more, Click Here My comments: What are new home sales like in your area?

Appraisal 81

Appraisal Contracts Insurance Construction 81

Will Springer Realtor

JULY 11, 2023

Home prices continued to confound buyers by climbing toward record highs as summer began. The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. from May to 3242 units – the highest monthly figure since last September.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Appraisal Today

MAY 20, 2022

And frankly, sellers are still in the driver’s seat. It seems an inflection point occurred where we really noticed the effect of higher mortgage rates on buyers. Some buyers have backed off due to declining affordability, and others have become much more sensitive to price. Where will this black line go in the coming time?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Lamacchia Realty

JANUARY 31, 2024

One of the biggest factors affecting inventory levels in 2023 was listings as they were the lowest since 2009 in Connecticut. Buyer demand in the market is still strong, so the leveling of mortgage rates is excellent news for buyers battling with affordability concerns.

Inventory 55

Inventory Real Estate Housing Market Realty 55

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 range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36