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. ==. Did anyone think in early 2020 that home values all over the country would go off the charts? USPAP and the Contract. No one did. 8-minute podcast.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 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.

Appraisal 52

Appraisal Contracts Business Mortgage 52

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

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

DECEMBER 1, 2022

.” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.” Single-family home sales are projected to drop to 4.42 Inventories fell again on a year-over year basis in most markets. million in 2023 from 5.67 trillion from $2.34

Housing Market 367

Housing Market Marketing Construction Inventory 367

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.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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.

Sellers 65

Sellers Real Estate Buyers Inventory 65

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 57

Real Estate Sellers Home Value Buyers 57

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%.

Real Estate 64

Real Estate Sellers Buyers Realtors 64

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 massachusetts housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year. when compared to July 2022.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year. when compared to July 2022.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. But by mid-2022, they shot up to over 6%. The big twist? peak last month).

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Houston Properties

JANUARY 13, 2021

We believe the bill won’t come due in 2021 and potentially not in 2022 either. 38% of homes bought and resold within 5 years in Houston have lost money for their owners on a net basis. Properties are still going under contract. The market will see an influx of price drops and hikes due to low inventory and high demand.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

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%

Real Estate 57

Real Estate Sellers Buyers Realtors 57

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 new hampshire housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year. when compared to July 2022.

Sellers 50

Sellers Real Estate Inventory Buyers 50

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. trillion in 2022 and an eye popping $4.51 trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

MARCH 28, 2023

However, the sooner you list your home, the more you will sell it for versus waiting a few more months. Right now, inventory is near its lowest, but there are serious buyers in the market looking to purchase. Once inventory starts to rise, that advantage weakens. when compared to February 2022. Don’t overplay your hand!

Sellers 69

Sellers Inventory Buyers Real Estate 69

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%

Sellers 59

Sellers Real Estate Buyers Inventory 59

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 58

Sellers Real Estate Buyers Inventory 58

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%

Sellers 56

Sellers Real Estate Buyers Inventory 56

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%

Sellers 55

Sellers Real Estate Buyers Inventory 55

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 62

Sellers Real Estate Buyers Inventory 62

Lamacchia Realty

MARCH 28, 2023

Many sellers are hesitating to list their homes to keep their low, pandemic mortgage rate, but we are starting to see an increase in homes listed meaning more options and therefore less competition in the market. Sellers, right now is the best time to get your home on the market to sell it for more than you would in a few months.

Sellers 51

Sellers Inventory Buyers Real Estate 51

Lamacchia Realty

APRIL 24, 2023

This stat is not due to a lack of buyers, but rather a lack of sellers as many are hesitating to list their homes. Sellers, list your home NOW for the most money ! Right now, the number of active buyers compared to available inventory is unbalanced, tipping in the favor of sellers. when compared to March 2022.

Sellers 63

Sellers Buyers Inventory Real Estate 63

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values. as of November 2022. Riding a cresting wave.

Housing Market 545

Housing Market Marketing Construction Development 545

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $948,706 (2023) | $1,058,316 (2024) Condos & Townhomes: $504,195 (2023) | $533,283 (2024) Homes Listed For Sale: T he number of homes listed is up by 24% when compared to January 2023. 2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1%

Inventory 52

Inventory Sellers Real Estate Buyers 52

Lamacchia Realty

APRIL 24, 2023

Listings in New Hampshire are down significantly year over year as many sellers are hesitating to list their homes. However, listing your home NOW could get you the most money ! Lack of inventory coupled with high buyer demand has intensified the level of competition in the market, exemplified by the return of bidding wars.

Sellers 62

Sellers Buyers Inventory Real Estate 62

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%

Sellers 60

Sellers Real Estate Buyers Realty 60

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $484,935 (2023) | $554,204 (2024) Condominiums: $318,153 (2023) | $314,791 (2024) Homes Listed For Sale: T he number of homes listed is down by 3.9% 2024: 2,100 2023: 2,283 2022: 3,039 Data provided by SmartMLS then compared to the prior year. What’s Happening in the Market?

Sellers 59

Sellers Real Estate Buyers Inventory 59

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%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

JANUARY 24, 2024

Single families: 1,029 (2022) | 896 (2023) Condominiums: 311 (2022) | 288 (2023) Multi-families: 73 (2022) | 71 (2023) Average sales price increased by 3.2% when compared to December 2022. 2023: 799 2022: 787 2021: 996 Pending Home Sales: The number of homes placed under contract is up by 10.9%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

APRIL 24, 2023

Listings are down in Connecticut compared to March 2022, most likely due to the fact that many sellers are hesitating to list their homes. It is important to note that many sellers are also buyers, and their reluctance to list their homes comes from the fear of not having a place to go after selling. when compared to March 2022.

Sellers 51

Sellers Buyers Inventory Real Estate 51

Lamacchia Realty

OCTOBER 19, 2023

Single families: 4,876 (2022) | 3,608 (2023) Condominiums: 1,908 (2022) | 1,668 (2023) Multi-families: 682 (2022) | 515 (2023) Average sales price increased 5.2% year-over-year, now at $684,121 compared to $650,594 in September 2022. when compared to September 2022. when compared to September 2022.

Sellers 60

Sellers Real Estate Buyers Realty 60

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $517,326 (2023) | $609,905 (2024) Condominiums: $420,479 (2023) | $375,106 (2024) Multi-families: $435,569 (2023) | $535,776 (2024) Homes Listed For Sale: T he number of homes listed is up by 3.8% 2024: 745 2023: 683 2022: 1,055 Data provided by RI Statewide MLS then compared to the prior year.

Sellers 53

Sellers Real Estate Buyers Inventory 53

Lamacchia Realty

OCTOBER 19, 2023

Single families: 1,598 (2022) | 1,124 (2023) Condominiums: 483 (2022) | 368 (2023) Multi-families: 90 (2022) | 82 (2023) Average sales price increased by 8.8% when compared to September 2022. when compared to September 2022. when compared to September 2022. Home Sales are down in New Hampshire by 27.5%

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Sellers Real Estate Buyers Realty 54

Lamacchia Realty

JULY 25, 2023

This can generally be attributed to sellers hesitating to put their homes on the market as they do not want to lose their low 2-3% mortgage rates from the pandemic. As such, inventory is battling to keep up with the buyer demand that is currently in the market. Sales are down across all categories.

Sellers 53

Sellers Real Estate Buyers Realty 53

Lamacchia Realty

JULY 25, 2023

The low number of listings can mainly be attributed to sellers hesitating to put their homes on the market as they do not want to lose their low 2-3% mortgage rates from the pandemic. As such, inventory is struggling to rise enough to keep up with the buyer demand that is currently in the market. when compared to June 2022.

Sellers 53

Sellers Real Estate Buyers Realty 53