Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. Similarly, the average loan amount rose to an average of $345,000 in the fourth quarter. “In

Bracketing 427

Bracketing Mortgage Lending Inventory 427

Housing Wire

JUNE 8, 2023

It is no secret that housing inventory is low. In April 2023, data from NAR and Realtor.com showed there were roughly 1.1 households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket. million homes listed for sale. Of those 1.1 Of those 1.1

Bracketing 410

Bracketing Inventory Buyers Realtors 410

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. The first quarter of 2023 had the lowest number of homes listed in recorded history.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Housing Wire

DECEMBER 26, 2023

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. The good news is that we can bracket the financial impact and they can absorb it, and I think that’s good news. But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I

Brokerage 414

Brokerage Mortgage Agents Bracketing 414

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 61

Bracketing HOA Sellers Buyers 61

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. In my last post, I discussed statistics related to supply and demand.

Inventory 79

Inventory Real Estate Sellers Buyers 79

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