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2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. The Greater Boston housing market has been seeing this trend for quite some time now, especially around this time of year.

Buyers 41
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Median income earners can only afford 25% of current listings

Housing Wire

And while this situation is certainly far from ideal, according to a report published Thursday by the National Association of Realtors and Realtor.com , even with the existing level of homes available for sale, the housing affordability and inventory shortage issues wouldn’t be so severe if there were enough homes for buyers at all income levels.

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

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. Those looking to buy a home this year need to do all they can to make the strongest offer when the right house becomes available.

Buyers 69
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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. Your market may have other sources of market data as well.