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Minority homeownership gains ground, but disparities persist: NAR

Housing Wire

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.”

Buyers 416
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Despite 3-month slump, pending home sales look just right

Housing Wire

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. Of the four major U.S. million – 6.2 million and 6.16

Inventory 406
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Homes in Boise, Idaho are “flying off the market”

Housing Wire

“In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. But last week, I listed a home for $1.17

Marketing 532
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A closer look at housing markets across the country

Housing Wire

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

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Homes DO Sell During the Holidays

Lamacchia Realty

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their  Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays.

Sellers 63
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Homes DO Sell During the Holidays – 2022

Lamacchia Realty

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season.?Their Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays.

Sellers 72
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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.