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Lamacchia Realty acquires family brokerage of NAR President Kevin Sears

Housing Wire

Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears. Not only am I super excited to be working with Brian and Kevin Sears, but also Dan Rodriguez, and James Cichetti along with all the Realtors at Sears Real Estate.

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DataDigest: iBuyers slide farther from hyped market disruption

Housing Wire

“The largest, undisrupted market in the U.S.,” Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. The volatility and unprecedented nature of the market, weakened Zillow’s price forecasting, crippling its ability to buy low and sell high.

Marketing 421
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Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

October 26, 2023 – At the annual 2024 Massachusetts Association of REALTORS® Installation of Officers & Directors held at the Danversport Yacht Club on Thursday, October 26 th , Amy Wallick was sworn in as MAR President. This experience has provided her with a comprehensive grasp of the Association from multiple perspectives.

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. By Q1 2015, more than 60% of American homeowners with mortgages had rates locked in under 5%. This was a supply-constrained market.

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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 473
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Daren Blomquist’s 2023 housing outlook

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. . Paul; and Riverside, Calif.

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Flyhomes looks to grow via wholesale channel

Housing Wire

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry.