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. 2018 and 2019 depict the paths of what was a ‘typical’ market prior to the pandemic.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

JUNE 21, 2022

As you can see in the chart below, the red line indicates that 2022 began with the highest absorption rate of available inventory in the past 4 years but over the past 8 weeks has dropped to right around the same rate or lower than last year and we expect it to be going down more. See chart below. How do you know your house is overpriced?

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The sales approach is the most well-known approach to value and involves the use of sales comparables or “comps” to develop an opinion of value.

Construction 79

Construction Appraisal Process Appraisal Bracketing 79

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The sales approach is the most well-known approach to value and involves the use of sales comparables or “comps” to develop an opinion of value.

Construction 71

Construction Appraisal Appraisal Process Bracketing 71

Birmingham Appraisal

FEBRUARY 6, 2024

The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. Your market may have other sources of market data as well.

Inventory 76

Inventory Real Estate Sellers Buyers 76

Lamacchia Realty

MARCH 26, 2024

In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. An experienced REALTOR® will make it very clear from the beginning that pricing right is the key to selling faster and for more money.

Bracketing 61

Bracketing HOA Sellers Buyers 61

McKissock

FEBRUARY 15, 2022

Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. I had become aware of the development of the standard and made repeated contacts with “the guy” (don’t remember his name) who was having it printed. National Association of Realtors.

Appraisal 87

Appraisal Bracketing Training Development 87