Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates.

Sellers 67

Sellers Realty Buyers Realtors 67

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 447

Housing Market Marketing Inventory Investors 447

Housing Wire

JANUARY 27, 2023

This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. Census Bureau and the Department of Housing and Urban Development. percent) below the December 2021 estimate of 839,000. percent) below the 2021 figure of 771,000. percent (±18.5 percent (±13.2 This is 16.4

Mortgage 530

Mortgage Construction Buyers Inventory 530

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. percent) below the 2021 estimate of 809,000.

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Housing Market Inventory Construction Marketing 389

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development. I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do.

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Inventory Construction Housing Market Mortgage 419

Housing Wire

MAY 11, 2021

The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020. How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. A leap in losses can be a hazard of a growing company , even those with bountiful capital backing.

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Real Estate Agent Real Estate Brokerage Inventory 312

Housing Wire

OCTOBER 2, 2020

Caliber, headed by CEO Sanjiv Das, has retail, wholesale and correspondent lending channels, and has developed a large book of business in the purchase space. Caliber is also among the 10 biggest GSE sellers, at nearly $34 billion in mortgages through August 2020. As of Sept. That placed Caliber just behind United Wholesale Mortgage.

Valuation 323

Valuation Retail Mortgage Inventory 323

Housing Wire

APRIL 4, 2022

With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers. Earlier last year, the Department of Housing and Urban Development ‘s Sec. Marcia Fudge said that there are no plans to lower mortgage insurance premiums in the near future.

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Insurance Loan Officers Sellers Mortgage 355

Housing Wire

DECEMBER 23, 2022

The truth here that nobody wants to talk about is that we didn’t have a massive sales credit boom in housing from 2020-2021 like we saw from 2002-2005. Census Bureau and the Department of Housing and Urban Development. percent) below the November 2021 estimate of 756,000. percent (±22.7 percent (±13.0

Construction 334

Construction Housing Market Mortgage Sellers 334

Lamacchia Realty

AUGUST 3, 2021

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Lamacchia Realty

JANUARY 24, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for December 2021 compared to December 2020. Miami-Dade & Palm Beach Counties. What's Ahead?

New Listings 49

New Listings Inventory Buyers Realty 49

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. “The Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

Sellers 60

Sellers Buyers New Listings Inventory 60

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

AUGUST 31, 2021

Matt Woolley: Fannie Mae’s latest Mortgage Lender Sentiment Survey found that nearly 70% of lenders expect to see significant margin compression in Q3 2021. Furthermore, speed is intrinsic to delivering an overall better customer experience, especially in today’s seller-driven market.

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Housing Market Marketing Architecture Sellers 366

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. Total year-end sales volume ended at 5.64 Therein lies the problem.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Housing affordability weakened slightly during the first quarter of 2021 with signs of overheated prices and bottleneck supplies snowballing into April.

Construction 427

Construction Government Inventory Mortgage 427

Housing Wire

APRIL 8, 2021

“The issue up here is we just can’t keep any inventory,” Fronk said. “The backup offer could have gotten the seller a little bit more, but it was a site-unseen offer and the seller felt a little more comfortable going with the first offer.” “And it was a cash offer,” she said.

Housing Market 393

Housing Market Marketing Sellers Buyers 393

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. Mike McGrory , Vice president Property Acquisitions, Development and Property Management for Lamacchia Realty shared how from his perspective they are seeing similar trends. April 8, 2021. February 4, 2021. Seller Resources. April 8, 2021. Buyer Resources. Read More ». Read More ».

Renovations 55

Renovations Buyers Home Improvement Realty 55

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. In 2021, more than 90% of builders reported backlogs and supply scarcity. These developed skinny towers as luxury condominiums. Less restrictive laws reduce developing costs and help with labor shortages, balancing prices in turn.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. ” In fall of 2021, Chicago-based Interfirst laid off hundreds of employees.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

AUGUST 23, 2022

Census Bureau and the Department of Housing and Urban Development. percent) below the July 2021 estimate of 726,000. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 This is 12.6 percent (±16.9 percent (±10.9

Construction 369

Construction Housing Market Sellers Marketing 369

Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. Before the pandemic, there was already a shortage of housing inventory in many parts of the country, including in Northeast Ohio. Typically, when there is a shortage of inventory, with high demand, prices increase.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

APRIL 27, 2022

Census Bureau and the Department of Housing and Urban Development. percent) below the March 2021 estimate of 873,000. The builders have pricing power and they — along with home sellers — have pushed it very hard since 2020. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates.

Construction 322

Construction Buyers Housing Market Inventory 322

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. 2021 is off to a wild start. TODAY’S HOME BUYERS ARE LIKE THE CARP.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Clear Capital

SEPTEMBER 29, 2021

The September 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 6.3 Real Estate developer Evergrande has missed interest payments and will likely default on at least a portion of its debt. Chinese investors will probably turn net sellers of U.S. In the U.S.,

Marketing 69

Marketing Real Estate Inventory Investors 69

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would. It means they’re down.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? Building developers are optimistic they can overcome many of the challenges. households were formed between 2012 and June 2021 but just 7M new single-family homes were built in that time. Monthly inventory stands at 0.4 year-on-year (YoY), according to U.S. Census data through October.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

Marketing 62

Marketing Sellers Buyers Inventory 62

D Fritz Appraisals

JUNE 28, 2022

Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. Significantly reduced housing inventory. in 2022 compared to 2021, putting homeownership further out of reach for many. In the Victoria, BC housing market, low inventory has continued to result in record low sales numbers.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Will Springer Realtor

JANUARY 9, 2024

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. YoY, as sellers accepted prices at an average of 96.6% YoY, with sellers accepting 96.7%

Housing Market 61

Housing Market Marketing Inventory Lending 61

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. increase from the May 2021 sales level of 13,955.

Marketing 78

Marketing Real Estate Investing Retail 78

Lamacchia Realty

JULY 25, 2022

The New Hampshire housing market experienced a similar outcome as Massachusetts in that sales decreased, and prices increased when compared to the mid-year of 2021. now at 5,598 total sales compared to the first half of 2021 with 6,351 sales. increase over the same time frame in 2021 at $440,686. Sales Decrease by 11.9%.

Sellers 53

Sellers Buyers Inventory Marketing 53

Lamacchia Realty

JUNE 21, 2022

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.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

FEBRUARY 1, 2022

When sellers hear that they often say : “But what if I can’t find the home I want? They become what we call Worried Sellers. The correct steps to selling and buying a home go like this: Find an EXPERT Realtor and develop a plan. Sellers always have the option to not accept any offers if they don’t meet their needs.

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Sellers Buyers Real Estate Real Estate Agent 74

Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. This left sellers either frantically trying to unload their properties or riding out the storm and hoping for values not too badly impacted by this spike in costs.

Real Estate 36

Real Estate Marketing Inventory Sellers 36