Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 million during the first quarter of 2022, while operating expense were up 40% year over year.

Insurance 294

Insurance Home Value Contracts Marketing 294

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . trillion — down by 15% compared with 2022. as of December — with an estimated 5.7

Marketing 410

Marketing Investing Investors Landlords 410

Appraisal Buzz

AUGUST 29, 2022

In 2020, 30% of all households had “unaffordable” mortgage or rent payments. Experts consider a price unaffordable if the owner or occupant spent 30% or more of their monthly income on the home, with one in seven households spending over half of their income. However, as of early 2022, the nation had a deficit of 3.8

Transportation 370

Transportation Law Investing Investors 370

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

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 63

Real Estate Sellers Buyers Realtors 63

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

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 57

Sellers Real Estate Inventory Buyers 57

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

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 22, 2023

It’ll likely be summer when we finally see home sale numbers get closer to last year’s as the beginning of 2022 exhibited sales numbers too high for 2023 to compete with. Nationally, the National Association of REALTORS® (NAR) reports that existing home sales are down 36.9% over this time last year from 6.34

Real Estate 70

Real Estate Sellers Contracts Buyers 70

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

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

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

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 56

Real Estate Sellers Buyers Realtors 56

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

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%

Sellers 54

Sellers Real Estate Buyers Realty 54

Lamacchia Realty

JULY 25, 2023

Furthermore, the number of homes listed in the first half of the year is the lowest in recorded history, click here to learn more. 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. Combined sales are down 21.5%

Sellers 53

Sellers Real Estate Buyers Realty 53

Lamacchia Realty

JULY 25, 2023

Furthermore, the number of homes listed in the first half of the year is the lowest in recorded history, click here to learn more. Fewer 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. when compared to June 2022.

Sellers 50

Sellers Real Estate Buyers Realty 50

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 58

Sellers Real Estate Buyers Inventory 58

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

JULY 25, 2023

Furthermore, the number of homes listed in the first half of the year is the lowest in recorded history, click here to learn more. 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.

Sellers 52

Sellers Real Estate Buyers Realty 52

Lamacchia Realty

JANUARY 24, 2024

Single families: 3,838 (2022) | 3,150 (2023) Condominiums: 1,568 (2022) | 1,350 (2023) Multi-families: 545 (2022) | 516 (2023) Average sales price increased 3.4% year-over-year, now at $653,414 compared to $632,182 in December 2022. when compared to December 2022. when compared to December 2022.

Sellers 36

Sellers Real Estate Buyers Realty 36

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. However, NOW is the best time to list your home !

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

Appraisal Today

MARCH 3, 2023

household Excerpts: The ratio between Black home values and home values overall is closing. Black home values increased faster than home values for all other races over the course of the pandemic, giving an equity boost to Black homeowners. Black home values appreciated 42.5%

Tools 52

Tools Appraisal Home Value Contracts 52

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

MARCH 28, 2023

Economic factors , chiefly rising inflation, continue to severely impact consumer sentiment and spending, especially as mortgage rates rem ain increased. In February, mortgage rose to the high 6%s, and even went over 7% in early March. Remember, bad for the economy usually translates to good for the housing market and mortgage rates.

Sellers 69

Sellers Inventory Buyers Real Estate 69

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 54

Sellers Real Estate Buyers Inventory 54

Lamacchia Realty

APRIL 24, 2023

Economic factors such as inflation, major bank crises, as well as monetary policy will continue to impact mortgage rates as spring rolls on – keeping consumers and experts alike on the edge of their seats. Mortgage interest rates started at around 7% in March, but lowered as the month went on. when compared to March 2022.

Sellers 62

Sellers Buyers Inventory Real Estate 62

Lamacchia Realty

APRIL 24, 2023

Mortgage rates continue to keep consumers and experts on their toes. In March, mortgage interest rates started at around 7% , but came down as the month went on. Economic factors such as inflation, major bank crises, as well as monetary policy will continue to dictate the mortgage rate landscape as spring rolls on.

Sellers 62

Sellers Buyers Inventory Real Estate 62

Lamacchia Realty

FEBRUARY 14, 2023

december 2022 New England housing reports Massachusetts – New Hampshire – Connecticut December Highlights Potential sellers who are locked into low mortgage rates are hesitant to list because they don’t want to lose their low mortgage rate when they apply for a new mortgage for their future purchase.

Real Estate 41

Real Estate Sellers Contracts Buyers 41

Lamacchia Realty

MARCH 28, 2023

Economic factors , such as rising inflation and increased mortgage rates, are significantly impacting consumer sentiment and spending. However, mortgage rates have fallen from their recent highs and are expected to continue doing so in the coming weeks. buyers), a number that will surely go up with mortgage rate drops.

Sellers 51

Sellers Inventory Buyers Real Estate 51

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. What’s next?

Sellers 52

Sellers Real Estate Buyers Inventory 52

Lamacchia Realty

APRIL 24, 2023

Mortgage rates continue to keep consumers and experts busy as economic factors such as inflation, major bank crises, as well as monetary policy continue to play a huge role in the story through the spring months. Home sales are down in Connecticut compared to this time last year. when compared to March 2022.

Sellers 51

Sellers Buyers Inventory Real Estate 51

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6

Appraisal 66

Appraisal Contracts Business Insurance 66