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. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

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.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

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. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. Consider Waiving Inspection.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars. Real estate is a long game.

Buyers 70

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. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Real estate is a long game.

Buyers 41

Buyers Sellers Inspection Bracketing 41

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. Source Inventory rises when more sellers are listing than buyers are buying. Normally, sellers should expect at least one offer within the first two weeks of listing.

Bracketing 60

Bracketing HOA Sellers Buyers 60

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.

Appraisal 87

Appraisal Bracketing Training Development 87