Lamacchia Realty
AUGUST 3, 2021
Why is 2021 different than other years? Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.
Lamacchia Realty
OCTOBER 25, 2023
Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.
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Lamacchia Realty
JUNE 21, 2022
For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.
Houston Properties
JANUARY 13, 2021
Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Avoid 9 Costly Mistakes Sellers Make. The debt level, both current and anticipated in 2021, is worrisome. 2020 ended favoring sellers.
Cornerstone
MAY 21, 2021
In 2021, mortgage rates have started to creep up , but compared to the averages of past decades, they remain at record lows. percent in the fourth quarter of 2021, rising to 3.8 So, you might have to search for houses in a lower price bracket as rates increase if you want to stay within your budget. Now you know the truth.
Lamacchia Realty
JANUARY 10, 2022
Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable. Here are five homes that recently sold for over asking price: Escalation Clause.
Cornerstone
MARCH 3, 2021
Though we’re currently in a seller’s market, it’s still vital to set the right price for your home if you want it to sell profitably — and fast. percent in 2021. percent in 2021. Realtor.com’s Chief Economist Danielle Hale confirms : “We expect price gains to ease somewhat in 2021 and end 5.7
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