Lamacchia Realty

MARCH 26, 2024

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. 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.

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Bracketing HOA Sellers Buyers 60

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. Real estate websites set up their property search tools with price brackets.

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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. Consider the Price Brackets. See chart below.

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Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

JANUARY 10, 2022

Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Additional Resources.

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Sellers Buyers Inspection Bracketing 72

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. Related reading: For more info, check out Dan Bradley’s article, “Fannie Mae to Adopt ANSI Measurement Standard in 2022.”. A positive step toward consistency in appraising. was used. Written by Steven W.

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Appraisal Bracketing Training Development 87

Lamacchia Realty

MARCH 12, 2024

Real estate is a long game. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Homes selling over-asking price has become much more common over the last couple of years, especially right now.

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Buyers Inspection Sellers Real Estate 70

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. Real estate is a long game. If you have the best group of real estate professionals behind you, you will stand out to sellers and their listing agents.

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Buyers Sellers Inspection Bracketing 41