Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? Or are some doing better than others?

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Lamacchia Realty

FEBRUARY 21, 2023

Essentially, this means that half the time, Zillow’s home value estimates are within 7.49% of the actual value. So, for example, if the Zestimate of a home is $500,000, using the national median error rate of 7.49%, that means your home could actually be worth $37,450 more or less than Zillow’s estimated value.

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Real Estate Agent Real Estate Sellers Realtors 73

Eppraisal

APRIL 20, 2021

With limited inventory, home values are on the rise. Most homes that come on the market are selling in record time and are receiving multiple offers. If there are multiple offers, the seller's agent will probably ask each buyer for their "highest and best" offer in price and terms of the contract.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Birmingham Appraisal

MARCH 21, 2023

If there is high demand for properties in a particular area, it can lead to a higher appraisal value. Similarly, if there is a low demand for properties in an area, it can lead to a lower appraisal value. Over the past several years we had a big increase in demand due to buyers taking advantage of lower interest rates.

Real Estate 84

Real Estate Appraisal Marketing Market Value 84

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The number of potential buyers will decrease as rates go up in many markets. USPAP and the Contract. They think it is a contract to hit (it isn’t).

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Appraisal Contracts Real Estate Mortgage 52

Housing Wire

OCTOBER 9, 2023

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” Requirements for Real Estate License Renewals in 2022.”

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Real Estate Agent Real Estate Agents Brokerage 373

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. Jun 7, 2022. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Contracts Business Mortgage 52

Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. What is the home appraisal process like? There are a few things that can hurt a home appraisal. They may also think that you don’t take care of your home. Another thing that can hurt your appraised value is bad paint job.

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Appraisal Renovations Contracts Buyers 36

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

Marketing 78

Marketing Real Estate Investing Retail 78

Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. This average reflects the total for both the listing agent and the buyer’s agent. Ohio Home Values” [link] Indeed.com.

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Real Estate Real Estate Agent Brokerage Agents 368

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price.

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Housing Market Marketing Supply Chain Mortgage 515

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. Freddie Mac projects that home-price growth will average 12.8% in 2022 but will drop to 4% in 2023. By comparison, home-price growth was 17.8%

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Housing Market Marketing Supply Chain Real Estate 395

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, interest rates should rise, and since so much of real estate is financed, it would reduce the amount that buyers can afford to pay, thereby reducing demand for primarily financed properties. There’s No Free Lunch.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Housing Market Marketing Construction Inventory 319

Eppraisal

AUGUST 30, 2022

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. If you are a buyer, you may be getting giddy about it. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for. Home values are still going up.

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Real Estate Buyers Real Estate Agent Marketing 36

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. SUMMARY: Our greatest concern is that last year’s euphoria (home sales are up 13% and total dollar volume is up 28%) led to some really risky deals that violated the 9 Kisses of Death – the 20-year research study of what NOT to buy in Houston. I’m A Buyer.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Lamacchia Realty

DECEMBER 19, 2023

Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2% Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7%

Real Estate 54

Real Estate Sellers Home Value Buyers 54

Lamacchia Realty

NOVEMBER 27, 2023

Single families: 4,193 (2022) | 3,515 (2023) Condominiums: 1,727 (2022) | 1,562 (2023) Multi-families: 633 (2022) | 536 (2023) Average sales price increased 6.9% year-over-year, now at $677,655 compared to $633,905 in October 2022. when compared to October 2022. when compared to October 2022.

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Sellers Real Estate Buyers Inventory 61

Lamacchia Realty

DECEMBER 19, 2023

Single families: 3,813 (2022) | 3,447 (2023) Condominiums: 1,662 (2022) | 1,487 (2023) Multi-families: 603 (2022) | 463 (2023) Average sales price increased 4.5% year-over-year, now at $669,783 compared to $640,766 in November 2022. In Massachusetts, home sales are down yet again in November 2023 by 11.2%.

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Real Estate Sellers Buyers Realtors 60

Lamacchia Realty

SEPTEMBER 22, 2023

compared to August 2022, would-be sellers are concerned about jumping into the market. 2023: 6,344 2022: 7,078 2021: 8,891 Pending Home Sales: The number of homes placed under contract is down by 21.5% when compared to August 2022. when compared to August 2022. when compared to August 2022.

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Real Estate Sellers Realty Home Value 60

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: 3,632 (2022) | 2,781 (2023) Condominiums: 958 (2022) | 792 (2023) Combined average prices have increased by 10.8% Single families: $559,314 (2022) | $621,869 (2023) Condominiums: $293,165 (2022) | $335,346 (2023) Homes Listed For Sale: T he number of homes listed is down by 14.5%

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Real Estate Sellers Realty Home Value 56

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: 1,671 (2022) | 1,295 (2023) Condominiums: 469 (2022) | 418 (2023) Multi-families: 88 (2022) | 60 (2023) The combined average price increased by 9.9% when compared to August 2022. when compared to August 2022. when compared to August 2022. when compared to last August , now at $544,508.

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Real Estate Sellers Realty Home Value 56

Lamacchia Realty

NOVEMBER 27, 2023

Single families: 2,620 (2022) | 2,305 (2023) Condominiums: 753 (2022) | 661 (2023) Average sales price has increased by 12.2% Single families: $506,346 (2022) | $560,286 (2023) Condominiums: $290,303 (2022) | $352,789 (2023) Homes Listed For Sale: T he number of homes listed is down by 1.4%

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Sellers Real Estate Buyers Inventory 55

Lamacchia Realty

OCTOBER 19, 2023

Single families: 3,140 (2022) | 2,394 (2023) Condominiums: 871 (2022) | 725 (2023) Average sales price has increased by 5.7% Single families: $528,879 (2022) | $565,163 (2023) Condominiums: $303,917 (2022) | $316,041 (2023) Homes Listed For Sale: T he number of homes listed is down by 9.8%

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Sellers Real Estate Buyers Realty 56

Lamacchia Realty

DECEMBER 19, 2023

Single families: 1,094 (2022) | 1,041 (2023) Condominiums: 346 (2022) | 339 (2023) Multi-families: 95 (2022) | 80 (2023) Average sales price increased by 6.2% when compared to November 2022. 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

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Real Estate Sellers Buyers Realtors 53

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $381,123 (2023) | $475,011 (2024) Condominiums: $470,541 (2023) | $474,813 (2024) Multi-families: $367,522 (2023) | $467,338 (2024) Homes Listed For Sale: T he number of homes listed is up by 13.7% 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

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Sellers Real Estate Buyers Inventory 53

Lamacchia Realty

FEBRUARY 23, 2024

Single families: $ 525,467 (2023) | $530,608 (2024) Condominiums: $409,028 (2023) | $500,879 (2024) Multi-families: $431,353 (2023) | $489,323 (2024) Homes Listed For Sale: T he number of homes listed is up by 17.9% 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

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Sellers Real Estate Buyers Inventory 52

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $632,613 (2023) | $702,284 (2024) Condominiums: $633,473 (2023) | $679,516 (2024) Multi-families: $592,514 (2023) | $637,010 (2024) Homes Listed For Sale: T he number of homes listed is up by 8.6% 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

APRIL 24, 2023

Many buyers took advantage of rates when they dipped since financing with a lower rate increases overall buyer affordability! In Q1 2023, the number of homes listed in Massachusetts was the lowest in recorded history. Sellers, list your home NOW for the most money ! when compared to March 2022.

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Sellers Buyers Inventory Real Estate 59

Lamacchia Realty

AUGUST 25, 2023

With that said, serious buyers should be ready to strike with updated preapprovals and be informed about their mortgage options, including buydowns and assumptions , to ensure that they can be successful in this market. For sellers who cannot wait to list their homes due to changes in life circumstances (e.g.,

Sellers 54

Sellers Real Estate Inventory Buyers 54

Lamacchia Realty

JUNE 20, 2023

compared to May 2022, would-be sellers are concerned about jumping into the market. 2023: 8,287 2022: 10,143 2021: 9,913 Pending Home Sales: The number of homes placed under contract is down by 19.6% when compared to May 2022. when compared to May 2022. when compared to May 2022.

Sellers 62

Sellers Real Estate Realty Home Value 62

Lamacchia Realty

AUGUST 25, 2023

Knowing this, serious buyers should be ready to strike with updated preapprovals and be informed about their mortgage options, including buydowns and assumptions , to ensure that they can be successful in this market. For sellers who cannot wait to list their homes due to changes in life circumstances (e.g., when compared to July 2022.

Sellers 54

Sellers Real Estate Inventory Buyers 54

Lamacchia Realty

NOVEMBER 27, 2023

Single families: 1,300 (2022) | 1,089 (2023) Condominiums: 381 (2022) | 370 (2023) Multi-families: 111 (2022) | 74 (2023) Average sales price increased by 5.2% when compared to October 2022. 2023: 1,858 2022: 1,741 2021: 1,920 Pending Home Sales: The number of homes placed under contract is down by 0.8%

Sellers 55

Sellers Real Estate Buyers Inventory 55

Lamacchia Realty

JANUARY 24, 2024

Single families: 2,379 (2022) | 2,136 (2023) Condominiums: 652 (2022) | 622 (2023) Average sales price has increased by 10.6% Single families: $495,033 (2022) | $552,578 (2023) Condominiums: $296,066 (2022) | $319,672 (2023) Homes Listed For Sale: T he number of homes listed is down by 1.2%

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Sellers Real Estate Buyers Realty 36