Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Housing Wire

JUNE 15, 2022

The share of mortgage applications for ARMs is still below the historical average between 1990 and 2022 of 12.49% and significantly lower than the peak of 36.6% Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. Stricter regulations, new guidelines. in 2005, the MBA said.

Mortgage 349

Mortgage Bracketing Loan Officers Investors 349

Lamacchia Realty

MARCH 12, 2024

With an expert in their corner, buyers will have a highly skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. Some buyers send that message with a heartfelt letter showing how much they love the home. Appeal to their emotions. Real estate is a long game.

Buyers 70

Buyers Inspection Sellers Real Estate 70

Birmingham Appraisal

FEBRUARY 6, 2024

More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. 3) Avoiding Overpricing: If the DOM trend for sold properties in the area is longer than normal, it signals that buyers are taking longer to make a purchase decision and demand may not be strong.

Inventory 79

Inventory Real Estate Sellers Buyers 79

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. This stalemate has maintained low inventory and competition among buyers for what is available on the market. Send that message with a heartfelt letter showing how much you love their home.

Buyers 41

Buyers Sellers Inspection Bracketing 41

Cornerstone

MAY 21, 2021

percent in the fourth quarter of 2022.”. As you prepare to buy a home – either as a first-time buyer or as a seller who is buying a new house – it’s critical to know your monthly budget and exactly how much house you can afford. We estimate the 30-year fixed mortgage rate will average 3.4 You can find this out by prequalifying.)

Real Estate 57

Real Estate Loan Officers Bracketing Sellers 57

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68